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Announced

Completed

Brookfield Renewable completed a $360m investment in CleanMax.

Financials

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Transaction Value£290m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

Friendly

Single Bidder

Acquisition

Renewable Energy Equipment

renewable power

India

Minority

Cross Border

Private Equity

Synopsis

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Brookfield Renewable, a publicly traded limited partnership that owns and operates renewable power assets, completed a $360m investment in CleanMax, a Mumbai based renewable energy company. This funding of $360m, which is a mix of primary and secondary, will enable CleanMax to pursue its growth plans of becoming a >5 GW platform over the next three to four years. Through this investment, Brookfield Renewable will have a controlling stake in CleanMax, and will work with existing shareholders and management to drive the platform’s growth in the commercial and industrial segment in India.

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