M&A Deal Summary |
|
|---|---|
| Date | 2021-07-03 |
| Target | Cypress Creek Renewables |
| Sector | Renewable Energy |
| Buyer(s) | EQT |
| Sellers(s) |
New Energy Capital
HPS Investment Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Morgan Stanley (Financial) Kirkland & Ellis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 242.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.
| DEAL STATS | # |
|---|---|
| Overall | 259 of 315 |
| Sector (Renewable Energy) | 5 of 9 |
| Type (Secondary Buyout) | 74 of 96 |
| State (California) | 7 of 11 |
| Country (United States) | 42 of 59 |
| Year (2021) | 18 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-02 |
Iver
Stockholm, Sweden Iver is a Swedish managed IT services provider with capabilities for full IT outsourcing, providing their clients with contracted services, including hosting, cloud, and application management. Iver has managed to build strong customer relationships in Sweden and Norway by combining dedicated customer focus with high-quality IT solutions. Iver was formed in 2018 and is based in Stockholm, Sweden. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-08 |
Igenomix
Valencia, Spain Igenomix engages in women’s health and reproductive genetic testing services for IVF clinics. The Company support c. 90,000 couples per year with a global footprint of 19 laboratories covering +80 countries. Igenomix was founded in 2011 and headquartered in Valencia, Spain. |
Sell | €1.3B |
| Category | Asset Manager |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Focused |
New Energy Capital is a private investment firm focused on acquiring and investing in renewable energy projects. New Energy looks for controlling interests in biomass, including landfill gas and animal waste-to-energy projects; combined heat and power projects at commercial and industrial facilities; and ethanol and biodiesel projects. New Energy looks for North American opportunities requiring $20 to $200 million of capital. New Energy Capital is based in Hanover, New Hampshire.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Renewable Energy) | 4 of 4 |
| Type (Secondary Buyout) | 1 of 1 |
| State (California) | 2 of 2 |
| Country (United States) | 6 of 6 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-25 |
Clean Energy Collective
Carbondale, Colorado, United States Clean Energy Collective (CEC) is a developer of community solar solutions. Clean Energy Collective was founded in Carbondale, Colorado. |
Sell | - |
| Category | Lender |
|---|---|
| Founded | 2007 |
| PE ASSETS | 104.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HPS Investment Partners is a global investment firm that seeks to provide capital solutions clients. The Firm manages various strategies across the capital structure that include syndicated leveraged loans and high yield bonds to privately negotiated senior secured debt and mezzanine investments, asset-based leasing and private equity. The Firm looks to invest in companies large and small, through standard or customized solutions. HPS was formed in 2007 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Renewable Energy) | 1 of 2 |
| Type (Secondary Buyout) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-19 |
Marlin Capital Solutions
Mount Laurel, New Jersey, United States Marlin Capital Solutions is a nationwide provider of capital solutions to small businesses with a mission of helping small businesses fulfill their American dream. Our products and services are offered directly to small businesses and through financing programs, with independent equipment dealers and other intermediaries. Marlin Capital Solutions was founded in 1997 and is based in Mount Laurel, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-12 |
Spruce Power
Houston, Texas, United States Spruce Power owns and operates more than 52,000 residential rooftop solar systems. The company sells the power generated by its systems to homeowners pursuant to long-term agreements that obligate the company’s subscribers to make recurring monthly payments. Spruce Power is headquartered in Houston, Texas. |
Sell | $59M |
