Investment Summary

New Energy Capital and EverStream Capital Management Exits SunEdison

On April 21, 2016, invested in renewable energy company SunEdison from New Energy Capital and EverStream Capital Management

Investment Highlights
  • This is transaction in the Renewable Energy sector.
  • This is transaction in the United States.
  • This is transaction in Montana.

Investment Summary

Date 2016-04-21
Target SunEdison
Sector Renewable Energy
Sellers(s) New Energy Capital
EverStream Capital Management
Deal Type Bankruptcy

Target

SunEdison

St. Peters, Montana, United States
SunEdison is a global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison was founded in 1984 and is based in St. Peters, Montana.

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Seller(S) 2

SELLER

New Energy Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2004
Size Small
Type Sector Focused
DESCRIPTION

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 2 of 6
Sector: Renewable Energy M&A 1 of 4
Type: Bankruptcy M&A Deals 1 of 2
State: Montana M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 Cypress Creek Renewables

Santa Monica, California, United States

Cypress Creek Renewables is a developer and long-term owner of solar energy projects with development assets in markets across the United States. Their business model is focused on utility-scale ground mount projects from 2-20MW AC in capacity. Cypress Creek Renewables was founded in 2014 and is based in Santa Monica, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Pine Gate Renewables

Asheville, North Carolina, United States

Pine Gate Renewables is a U.S.-based developer, owner and operator of utility-scale solar farms. Pine Gate has a 500 MW development pipeline, and plans to operate over 200 MW of solar farms by the end of 2017. Pine Gate Renewables’ mission of providing locally generated renewable solar power for communities nationwide is centered on utility-scales sites from 2-100+ MW. The company specializes in land origination, project development, project financing and asset management. Pine Gate Renewables is committed to the broad transformation of our nation’s energy model by making community-based solar an option for everyone. Pine Gate Renewables is based in Asheville, North Carolina.

Buy -
DESCRIPTION

EverStream Capital Management is a global asset management firm that invests in energy and power infrastructure with a primary focus on solar energy. The Firm makes equity and equity-linked investments in energy infrastructure projects with proven and reliable technology and strong visibility into revenues. EverStream Energy Capital Management was formed in partnership with SunEdison and has offices in Excelsior, Minnesota and San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Montana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 SunEdison

St. Peters, Montana, United States

SunEdison is a global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison was founded in 1984 and is based in St. Peters, Montana.

Buy -