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Announced

Sunergy Renewables to go public via a SPAC merger with ESGEN Acquisition in a $475m deal.

Financials

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Transaction Value£382m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

solar energy

De-SPAC

Pending

Acquisition

renewable energy

Alternative Fuels

Reverse Takeover

Domestic

Single Bidder

United States

Merger

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Synopsis

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Sunergy Renewables, an energy company, agreed to go public via a SPAC merger with ESGEN Acquisition, a special purpose acquisition company, in a $475m deal. “Our primary objective at ESGEN is to partner with sound, scalable and profitable companies we believe will fundamentally disrupt the current energy landscape and take advantage of markets experiencing generational growth. We want to simultaneously accelerate a shift to a low-carbon future. Sunergy is an ideal partner to achieve our goals, and we look forward to working with Tim and his exceptional team at Sunergy in their next chapter of growth,” Andrejka Bernatova, ESGEN CEO. On March 7, 2024, ESGEN Acquisition's shareholders approve the proposed SPAC merger with Sunergy Renewables.

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