M&A Deal Summary

Actis Capital Acquires Athena Renewables

On August 1, 2020, private equity firm Actis Capital acquired renewable energy company Athena Renewables

Acquisition Highlights
  • This is Actis Capital’s 17th transaction in the Renewable Energy sector.
  • This is Actis Capital’s 24th transaction in India.

M&A Deal Summary

Date 2020-08-01
Target Athena Renewables
Sector Renewable Energy
Buyer(s) Actis Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Athena Renewables

Mumbai, India
Athena Renewables is an investment platform focused on renewable projects and the clean energy transition. Athena Renewables is based in Mumbai, Maharashtra.

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Buyer(S) 1

Buyer

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 141 of 163
Sector: Renewable Energy M&A 17 of 25
Type: Buyout (LBO, MBO, MBI) M&A Deals 43 of 52
Country: India M&A 24 of 27
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 Empower

Helsinki , Finland

Empower is one of the service providers in the electrical, telecom and industrial sectors in Finland, Sweden and the Baltic states. Empower specialises in the design, construction, operation and maintenance of electricity and telecom networks, as well as in installation, operation, maintenance and expert services for power plants and industry. Empower was founded in 1998 and is based in Helsinki, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Rack Centre

Ikeja, Nigeria

Rack Centre is a carrier-neutral Tier III Constructed Facility Certified data center in Africa and focuses solely on providing data center colocation services and unrestricted interconnection between carriers and customers. Rack Centre was founded in 2012 and is based in Ikeja, Nigeria.

Buy -