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New Deal


Announced

Engie and Meridiam to acquire BTE Renewables from Actis.

Financials

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

Tags

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Majority

Single Bidder

Pending

Friendly

Private Equity

Acquisition

renewable energy

Renewable Energy Equipment

Cross Border

South Africa

Private

Synopsis

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Engie, an energy company, and Meridiam, a private equity firm, agreed to acquire BTE Renewables, a renewable energy company, from Actis, an investor in sustainable infrastructure. Financial terms were not disclosed. “I am delighted to announce that BTE Renewables will be sold to two leaders in energy and sustainable infrastructure both regionally and globally. The sale of BTE Renewables marks our fifth energy platform exit in Africa, where we have now built and owned 5GW of generation capacity, making Actis one of the largest investors in the regional energy sector. We are confident that BTE, with its new shareholders, will continue to play a leading role in the energy transition across Africa," Lisa Pinsley, Actis Head of Middle East & Africa Energy.

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