M&A Deal Summary

CEL Partners Acquires ET Solar Group

On November 10, 2008, private equity firm CEL Partners acquired renewable energy company ET Solar Group for 31M USD

Acquisition Highlights
  • This is CEL Partners’ 1st transaction in the Renewable Energy sector.
  • This is CEL Partners’ largest (disclosed) transaction.
  • This is CEL Partners’ 1st transaction in China.

M&A Deal Summary

Date 2008-11-10
Target ET Solar Group
Sector Renewable Energy
Buyer(s) CEL Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 31M USD

Target

ET Solar Group

Nanjing, China
website
ET Solar Group Ltd. is an integrated solar component manufacturer. ET Solar Group Ltd. was founded in 2005 and is based in Nanjing, China.

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Buyer(S) 1

Buyer

CEL Partners

Beijing, China

website


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

CEL Partners is a private equity group focused on investing in mid-cap growth companies operating in China. CEL targets minority positions in high-growth businesses with $20 to $150 million in revenues. The Group's target investment size is $4 to $15 million. Prospective businesses typically have proprietary products/services, established track records, and high barriers to entry. Sectors of interest include environmental products/services, healthcare, agriculture, consumer, retail, and distribution. CEL operates out of Beijing.


DEAL STATS #
Overall 1 of 3
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (China) 1 of 3
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-18 Prudent Energy

Beijing, China

Prudent Energy, Inc. is an energy storage technology developer, manufacturer and systems integrator, specializing in the patented VRB Energy Storage System (VRB-ESS™). Prudent Energy, Inc.was founded in 2006 and is based in Beijing, China.

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