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New Deal


Announced

Completed

Vikram Solar, Phalanx Impact Partners, and Das & Co formed a joint venture.

Financials

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Transaction Value£1,166m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

United States

solar manufacturing

Renewable Energy Equipment

Joint Venture

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Vikram Solar, a solar energy solutions providers, Phalanx Impact Partners, a New York-based private equity firm, and Das & Co, a New York-based investment and development firm, formed a $1.5bn joint venture. "Vikram Solar is proud to be part of this monumental endeavor with the rest of the VSK team. With our 17 years of experience in solar manufacturing, combined with the VSK team's commitment to a clean energy future, we look forward to driving the solar industry forward and setting a new benchmark for innovation and efficiency in solar manufacturing in the United States," Gyanesh Chaudhary, Vikram Solar Founder, Chairman, and Managing Director.

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