I Squared Capital-backed Hexa Climate Solutions completed the acquisition of the Indian renewables portfolio from Fortum.

Synopsis

I Squared Capital-backed Hexa Climate Solutions, a renewable energy and decarbonization IPP platform, completed the acquisition of the Indian renewables portfolio from Fortum, an energy company. Financial terms were not disclosed.

Principals

target

Fortum (indian Renewables Portfolio)

bidder

Hexa Climate Solutions

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Market Context

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Bidder Team (2)

sanjeev aggarwal

Executive Chairman at HEXA CLIMATE SOLUTIONS

Manager

bidder

Deals

n/a

Total Value

sadek wahba

Founder, Chairman and Managing Partner at I SQUARED CAPITAL LLC

Investor

bidder

Deals

£ 4.37 B

Total Value

Vendor Team (1)

markus rauramo

President and CEO at FORTUM CORPORATION

Manager

vendor

Deals

£ 19.82 B

Total Value

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