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New Deal


Announced

Brookfield to acquire the renewable energy division of Banks Group.

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

Cross Border

Pending

Friendly

renewable energy

Acquisition

Private Equity

Single Bidder

onshore wind

United Kingdom

Renewable Energy Equipment

Private

Synopsis

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Brookfield, a Canadian multinational company, agreed to acquire the renewable energy division of Banks Group, an independent owner and operator of onshore wind. Financial terms were not disclosed. "I believe that Brookfield’s established position in the renewables industry and the strong cultural fit that exists between both businesses will lead to this acquisition being to the benefit of all parties involved," Harry Banks, Banks Group Founder and Chairman.

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