M&A Deal Summary

Capital Dynamics Acquires 8minutenergy Renewables - 121 MW Springbok 3 Solar Project

On September 26, 2018, asset manager Capital Dynamics acquired renewable energy company 8minutenergy Renewables - 121 MW Springbok 3 Solar Project from Avantus

Acquisition Highlights
  • This is Capital Dynamics’ 5th transaction in the Renewable Energy sector.
  • This is Capital Dynamics’ 5th transaction in the United States.
  • This is Capital Dynamics’ 4th transaction in California.

M&A Deal Summary
Date 2018-09-26
Target 8minutenergy Renewables - 121 MW Springbok 3 Solar Project
Sector Renewable Energy
Buyer(s) Capital Dynamics
Sellers(s) Avantus
Deal Type Divestiture

Target

8minutenergy Renewables - 121 MW Springbok 3 Solar Project

Kern County, California, United States
8minutenergy Renewables 121 MW Springbok 3 Solar Project is the third installation in the Springbok cluster, joining 8minutenergy’s 137 MW-dc Springbok 1 project, and its 191 MW-dc Springbok 2 project to supply clean energy to more than 152,000 Los Angeles households.

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Buyer(S) 1

Buyer

Capital Dynamics

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1999
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Capital Dynamics AG is an independent global asset management firm focusing on private assets including private equity, private credit, clean energy infrastructure and energy infrastructure credit. Capital Dynamics offers a diversified range of offerings and solutions for a global client base, including corporations, family offices, foundations and endowments, high net worth individuals, pension funds and others. Capital Dynamics AG was established in 1999 and is headquartered in Zug, Switzerland.

DEAL STATS #
Overall 5 of 10
Sector (Renewable Energy) 5 of 8
Type (Divestiture) 4 of 6
State (California) 4 of 4
Country (United States) 5 of 7
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 8point3 Energy Partners

San Jose, California, United States

8point3 Energy Partners is an owns, operator and acquire of solar energy generation projects. The Partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers. 8point3 Energy Partners was founded in 2015 and is based in San Jose, California.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 GE Energy Financial Services - Whiteside Hill Wind Farm

Scotland, United Kingdom

GE Energy Financial Services Whiteside Hill Wind Farm is a provider of renewable energy services located in Dumfries and Galloway, Scotland, consists of ten GE 2.85 turbines with a total installed capacity of 28.5 Megawatts (MW).

Buy -

Seller(S) 1

SELLER

Avantus

Los Angeles, California, United States
Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

Avantus is a developer of solar PV and storage projects. The company supports solar and energy storage development throughout the project lifecycle from selecting a project site through operations and owns a large project pipeline of 30 GWp of solar and 94 GWh of battery storage, enough to provide 20 million people with clean, reliable power. Avantus was founded in 2009 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Mergr

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