M&A Deal Summary

Arzon Solar Acquires Amonix

On June 1, 2014, Arzon Solar acquired renewable energy company Amonix from New Silk Route, Adams Street Partners and Angeleno Group

Acquisition Highlights
  • This is Arzon Solar’s 1st transaction in the Renewable Energy sector.
  • This is Arzon Solar’s 1st transaction in the United States.
  • This is Arzon Solar’s 1st transaction in California.

M&A Deal Summary

Date 2014-06-01
Target Amonix
Sector Renewable Energy
Buyer(s) Arzon Solar
Sellers(s) New Silk Route
Adams Street Partners
Angeleno Group
Deal Type Add-on Acquisition

Target

Amonix

Seal Beach, California, United States
Amonix is a designer and manufacturer of concentrated photovoltaic (CPV) solar power systems. Amonix was founded in 1989 and is based in Seal Beach, California.

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Buyer(S) 1

Buyer

Arzon Solar

Torrance, California, United States

Category Company
Sector Renewable Energy
DESCRIPTION

Arzon Solar is a designer and manufacturer of concentrator photovoltaic (CPV) commercial solar power systems. Arzon Solar is based in Torrance, California.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 3

SELLER

New Silk Route

New York, New York, United States

Investor Investor Investor


Category Growth Capital Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Silk Route Partners LLC (NSR Partners) is a private equity firm focused on investing in rapidly growing companies in Asia and the Middle East. NSR seeks to fund companies in need of financing to accelerate growth, established businesses looking to enter new verticals, diversified companies trying to unlock value in subsidiaries, and buyouts with growth potential. Sectors of interest include consumer services, infrastructure, communications, IT, manufacturing, engineering, and financial services. New Silk Route was formed in 2006 and has offices in New York City, Mumbai, Bangalore, and Dubai.


DEAL STATS #
Overall 3 of 7
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-17 South Asia Gastronomy Enterprises

India

South Asia Gastronomy Enterprises operates food and beverage sector. South Asia Gastronomy Enterprises is based in India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Destimoney

Mumbai, India

Destimoney is a full service financial organizations . Company distributes third party financial products and provides retail broking services. Destimoney was founded in 2006 and is based in Mumbai, India.

Sell -
SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 53 of 96
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 26 of 51
State (California) 25 of 42
Country (United States) 49 of 88
Year (2014) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 ThreatMetrix

San Jose, California, United States

ThreatMetrix, Inc. is a provider of integrated cyber crime prevention software solutions for websites in diverse sectors. ThreatMetrix was founded in 2005 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 GlobeImmune

Louisville, Colorado, United States

GlobeImmune is a biopharmaceutical company that focuses on developing products for the treatment of cancer and infectious diseases based on its proprietary Tarmogen platform. GlobeImmune was founded in 1995 and is headquartered in Louisville, Colorado.

Sell -
SELLER

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 5 of 18
Sector (Renewable Energy) 1 of 2
Type (Add-on Acquisition) 2 of 10
State (California) 2 of 8
Country (United States) 5 of 14
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 Kinematics Manufacturing

Phoenix, Arizona, United States

Kinematics Manufacturing is a provider, supplier of highly-engineered, precision motion control solutions, servicing the solar, oil & gas, mining, construction, and other industrial markets. The Company’s products provide motion control and positioning of payloads, such as solar panels or truck-mounted personnel carriers. Kinematics Manufacturing was founded in 1996 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 Verdiem

Seattle, Washington, United States

Verdiem Corp. is a provider of power management software for PC networks. Verdiem's Surveyor Network Energy Manager provides measurable energy and cost savings, simplified and automated management of PC power options, and painless implementation that comes with minimal maintenance and a rapid payback.

Sell -