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New Deal


Announced

BlackRock to invest $200m in ENVIRIA.

Financials

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Transaction Value£158m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Renewable Energy Equipment

photovoltaic projects

Germany

Acquisition

Minority

Friendly

Private

Private Equity

Cross Border

Pending

Single Bidder

Synopsis

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BlackRock, an American multinational investment company, agreed to invest $200m in ENVIRIA, a commercial and industrial decentralized energy solutions provider. With this investment, ENVIRIA and BlackRock are leveraging one of the greatest growth areas in the energy transition: offering decentralized energy via rooftop solar and adjacent services at scale. It is estimated that German companies consume around 70% of the total national electricity usage while only around 10% of suitable company roofs are equipped with a solar system. This leaves a potential of several hundred GW of renewable energy capacity untapped. With rooftop sizes across the C&I sector being on average significantly larger than residential buildings, renewable energy capacities can be rapidly deployed.

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