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New Deal


Announced

DIF to acquire a majority stake in Alight for €150m.

Financials

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Transaction Value£130m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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renewable energy

Sweden

Acquisition

Private Equity

Majority

Renewable Energy Equipment

solar projects

Private

Cross Border

Pending

Friendly

Single Bidder

Synopsis

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DIF, a global independent investment manager, agreed to acquire a majority stake in Alight, a developer of subsidy-free solar projects in the Nordics, for €150m. "We have been impressed by Alight’s track record as a first mover in the growing Nordic solar market, in addition to their top quality customer-led approach to winning long-term solar contracts. We also share Alight’s vision on how to accelerate the energy transition in Europe and more specifically for their C&I customers, whilst also providing them with energy security at low cost in the current high power price environment. Alight’s team and outlook are a strong foundation to build upon and we are pleased to take this step, enabling Alight to realise its growth ambitions," Gijs Voskuyl, DIF Partner.

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