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New Deal


Announced

Completed

APG completed the acquisition of 33% stake in 26 solar facilities from Global Atlantic Financial Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For33%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Life Insurance

Completed

Cross Border

Minority

Bermuda

retirement insurance

Single Bidder

Friendly

Acquisition

Private

Private Equity

Synopsis

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APG, a pension provider in the Netherlands, completed the acquisition of a 33% stake in 26 solar facilities from Global Atlantic Financial Group, an insurance company meeting the retirement and life insurance needs of individuals and institutions. Financial terms were not disclosed. "We are grateful to have partnered with Southern Power on this portfolio for the past 5 years and believe the buyer will be an excellent partner for these assets going forward,” Anup Agarwal, Global Atlantic Chief Investment Officer.

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