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M&A Deal Summary

Capital Dynamics Acquires LS Power Development - Three Solar Photovoltaic Projects

On September 28, 2020, asset manager Capital Dynamics acquired renewable energy company LS Power Development - Three Solar Photovoltaic Projects from LS Power Development

Acquisition Highlights
  • This is Capital Dynamics’ 8th transaction in the Renewable Energy sector.
  • This is Capital Dynamics’ 6th transaction in the United States.
  • This is Capital Dynamics’ 1st transaction in New York.

M&A Deal Summary
Date 2020-09-28
Target LS Power Development - Three Solar Photovoltaic Projects
Sector Renewable Energy
Buyer(s) Capital Dynamics
Sellers(s) LS Power Development
Deal Type Divestiture

Target

LS Power Development - Three Solar Photovoltaic Projects

New York, New York, United States
LS Power Development's Three Solar Photovoltaic Projects comprises 316 MW of operating solar resources located in California, Arizona, and Delaware. Each project utilizes commercially proven and efficient technology and is fully contracted under long-term power purchase agreements. The portfolio includes 100% interest in Centinela Solar Energy, 252 MW located in Imperial County, CA, and 30% interest in Arlington Valley Solar Energy II, 53 MW1, and 100% Interest in Dover Sun Park, 11 MW located in Dover, DE.

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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 8 of 10
Sector: Renewable Energy M&A 8 of 8
Type: Divestiture M&A Deals 6 of 6
State: New York M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 WElink Energy Ireland - 133 MW Puerto Real 1 Solar Project

Puerto Real, Spain

WElink Energy Ireland's 133 MW Puerto Real 1 Solar Project is a utility-scale solar PV facility focused on reducing greenhouse emissions by over 175,000 metric tons once fully operational

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Cosmelux

Carate Brianza, Italy

Cosmelux is a global supplier of B2B finishing treatments for the personal care packaging market. Cosmelux specializes in UV lacquering and metallization of high-end personal care plastic and metal packaging, with a focus on cosmetics and skincare. Cosmelux was founded in 2002 and is based in Carate Brianza, Italy

Buy -

Seller(S) 1

SELLER

LS Power Development

New York,, New York, United States
Category Company
Founded 1990
Sector Renewable Energy
DESCRIPTION

LS Power is an employee-owned, independent power company.We are a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States.We have developed, constructed, managed or acquired more than 32,000 MW of competitive power generation and 470 miles of transmission infrastructure.

DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 EVgo

Los Angeles, California, United States

EVgo is the nation’s largest and most reliable fast charging public network for electric vehicles. With more than 750 fast-charging locations in 66 metropolitan markets in 34 states, EVgo serves more than 180,000 customers. EVgo has the best operating record in the industry – more than 98% uptime – and consistently earns the highest consumer scores on PlugShare for U.S. public charging networks. EVgo owns and operates its nationwide network of fast chargers, which are compatible with all fast charge capable EV models and powered by 100% renewable energy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Endurant Energy

Chicago, Illinois, United States

Endurant is a full-service provider of cost-effective, resilient and sustainable energy solutions. It serves a wide range of sectors including education, commercial, industrial, real estate, healthcare, hospitality, and public utilities. The Endurant brand reflects the company’s suite of innovative full-service clean energy solutions, including microgrids, battery energy storage systems, and integrated eco-districts. The company’s impressive portfolio of projects ranges from single-technology energy retrofits of historic landmarks to large-scale microgrids integrated with resource management and smart-city infrastructure. Endurant is headquartered in Chicago, with offices in New York City as well as Anaheim and West Hollywood, California.

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