1. Home >
  2. M&A >
  3. Divestiture >
  4. India >
  5. Intermediate Capital Group Acquires Amp Energy

M&A Deal Summary

Intermediate Capital Group Acquires Amp Energy

On May 30, 2023, mezzanine finance firm Intermediate Capital Group acquired renewable energy company Amp Energy from Amp Solar Group

Acquisition Highlights
  • This is Intermediate Capital Group’s 1st transaction in the Renewable Energy sector.
  • This is Intermediate Capital Group’s 1st transaction in India.

M&A Deal Summary
Date 2023-05-30
Target Amp Energy
Sector Renewable Energy
Buyer(s) Intermediate Capital Group
Sellers(s) Amp Solar Group
Deal Type Divestiture

Target

Amp Energy

New Delhi, India
Amp Energy is a renewable developer in India with a 2.7GW portfolio. Amp Energy was founded in 2016 and is based in New Delhi, India.

Search 205,401 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 284 of 293
Sector (Renewable Energy) 1 of 2
Type (Divestiture) 26 of 27
Country (India) 1 of 1
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Nadella

Milan, Italy

Nadella is a producer of linear guides and rollers for industrial motion applications. Nadella was founded in 1963 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 With Intelligence

London, United Kingdom

With Intelligence is an independent and entrepreneurial company that provides a unique combination of proprietary data, actionable insights, and must-attend events across a range of asset classes, including hedge funds, traditional asset management, private equity, real estate, and credit/debt. With Intelligence was founded in 1998 and is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

Amp Solar Group

Port Credit, Ontario, Canada
Category Company
Founded 2009
Sector Renewable Energy
DESCRIPTION

Amp Solar Group is a global renewable energy infrastructure manager, developer, and owner. Amp Energy has successfully developed over 1.8 gigawatts of distributed and utility-scale renewable generation projects, hybrid generation plus storage projects, and stand-alone battery storage projects around the world. Amp Solar Group was founded in 2009 and is based in Port Credit, Ontario.

DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Divestiture) 2 of 2
Country (India) 1 of 1
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Amp US Primary

Port Credit, Ontario, Canada

Amp US Primary is a developer, owner and operator of US community solar and storage projects. Amp US Primary is based in Port Credit, Ontario.

Sell -
Mergr

Product

Company

Legal