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New Deal


Announced

GIC to acquire a 5% stake in EDP Renováveis for $1bn.

Financials

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Transaction Value£830m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Spain

renewable energy

Renewable Energy Equipment

Public

Cross Border

Private Equity

Minority

Pending

Friendly

Single Bidder

Synopsis

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GIC, a sovereign wealth fund, agreed to acquire a 5% stake in EDP Renováveis, a renewable energy company, for $1bn. EDPR plans to use the new capital to fund the growth in renewables and energy transition. EDPR’s parent company, EDP, is keen on maintaining a share of more than 70% in EDPR and has no intention of doing any additional share placements of this size.

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