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New Deal


Announced

Completed

Manulife Investment Management led a $520m investment round in Nexamp.

Financials

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Transaction Value£416m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Minority

United States

clean energy

alternative energy equipment

Renewable Energy Equipment

Private Equity

Domestic

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

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Manulife Investment Management, a private equity firm, led a $520m investment round in Nexamp, an independent renewable energy provider, with participation from Diamond Generating Corporation and Generate Capital. “This landmark financing comes at a pivotal moment in the evolution of America’s energy economy, and underscores the indispensable role of community solar in democratizing access to clean, affordable energy solutions for every American. This unprecedented investment reflects swelling confidence in the ability of independent renewable energy providers to reimagine outmoded infrastructure and reshape our grid. Nexamp is committed to deep collaboration with communities across the nation in building a more sustainable future for us all," Zaid Ashai, Nexamp CEO.

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