M&A Deal Summary

EIG Partners Acquires SunLight General

On January 15, 2021, asset manager EIG Partners acquired renewable energy company SunLight General

Acquisition Highlights
  • This is EIG Partners’ 13th transaction in the Renewable Energy sector.
  • This is EIG Partners’ 31st transaction in the United States.
  • This is EIG Partners’ 1st transaction in New York.

M&A Deal Summary
Date 2021-01-15
Target SunLight General
Sector Renewable Energy
Buyer(s) EIG Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

SunLight General

New York, New York, United States
SunLight General is a solar project developer that develops, owns, and operates distributed generation solar projects serving commercial and industrial (“C&I”) customer demand. SunLight provides renewable energy to its customers, with lower delivered costs than retail tariffs, and helps progress its customers’ sustainability goals through this clean energy procurement. SunLight General was founded in 2009 and is based in New York City.

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Buyer(S) 1

Buyer

EIG Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.

DEAL STATS #
Overall 46 of 55
Sector (Renewable Energy) 13 of 14
Type (Buyout (LBO, MBO, MBI)) 24 of 28
State (New York) 1 of 1
Country (United States) 31 of 34
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 TBG

Rio de Janeiro, Brazil

TBG owns and operates the Brazilian section of the Bolívia-Brazil pipeline (“GASBOL”), an approximately 2,600 km (1,600 miles) natural gas pipeline system, including the main natural gas transportation network in the south of Brazil. GASBOL is capable of transporting up to 30 million cubic meters per day (1.1 billion cubic feet per day) of natural gas from Bolivia and Brazil’s offshore pre-salt fields to key markets in Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Aramco Oil Pipelines

Dhahran, Saudi Arabia

Aramco Oil Pipelines is a pipeline company that provides tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network. Aramco Oil Pipelines is based in Dhahran, Saudi Arabia.

Buy -
Mergr

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