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New Deal


Announced

ERG to acquire a 75% stake in a portfolio of operating clean energy assets of Apex Clean Energy for $270m.

Financials

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Transaction Value£212m
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Infrastructure

Friendly

clean energy

Single Bidder

Cross Border

Majority

Private

Pending

Renewable Energy Equipment

Acquisition

Synopsis

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ERG, an independent operator of clean energy, agreed to acquire a 75% stake in a portfolio of operating clean energy assets of Apex Clean Energy, a values-driven company focused on a singular mission to deliver carbon solutions at scale, for $270m. “Great Pathfinder and Mulligan represent the successful launch of our capital recycling program, intended to bring best-in-class renewable portfolios to market and enabling our team to advance more megawatts than ever before,” Ken Young, Apex CEO.

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