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Announced

Completed

Cox Enterprises completed a $250m investment in BlackRock-backed DSD.

Financials

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Transaction Value£204m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

United States

energy storage

Renewable Energy Equipment

Acquisition

Domestic

Minority

Private

Completed

Single Bidder

Friendly

Synopsis

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Cox Enterprises, a privately held global conglomerate, completed a $250m investment in BlackRock-backed DSD Renewables, a solar energy management company. “This significant investment from Cox marks a pivotal milestone for DSD, enabling our continued evolution to becoming an influential market leader. Our growth, initially fueled by BlackRock’s faith in us, now enters a new chapter with Cox that will advance our position as a cleantech leader and scale our business. This partnership is a testament to how far we’ve come and our unwavering commitment to accelerating renewable energy solutions deployment," Erik Schiemann, DSD CEO.

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