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New Deal


Announced

Completed

TPG Rise Climate completed a $150m investment in Palmetto.

Financials

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Transaction Value£124m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Domestic

Acquisition

Friendly

Private Equity

Private

Single Bidder

Completed

Renewable Energy Equipment

clean energy solutions

United States

Synopsis

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TPG Rise Climate, the climate investing strategy of TPG, completed a $150m investment in Palmetto, a technology enabled clean energy platform. "Palmetto's digitally enabled end-to-end platform creates efficiencies along every step of the residential solar ownership process, from sales and financing to installation and service and maintenance. As a result, customers benefit from cost effective home solutions, accelerated project timelines, and more reliable and affordable energy. Our investment in Palmetto underscores our belief in the growth of residential clean energy solutions over the coming decade in the US and Palmetto's ability to leverage its unique platform to further expand its market position," Steven Mandel, TPG Rise Climate Business Unit Partner.

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