1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. India >
  5. JSW Energy Acquires O2 Power

M&A Deal Summary

JSW Energy Acquires O2 Power

On December 27, 2024, JSW Energy acquired renewable energy company O2 Power from EQT and Temasek Holdings for 1.5B USD

Acquisition Highlights
  • This is JSW Energy’s 2nd transaction in the Renewable Energy sector.
  • This is JSW Energy’s largest (disclosed) transaction.
  • This is JSW Energy’s 3rd transaction in India.

M&A Deal Summary
Date 2024-12-27
Target O2 Power
Sector Renewable Energy
Buyer(s) JSW Energy
Sellers(s) EQT
Temasek Holdings
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

O2 Power

Gurugram, India
O2 Power is a renewable energy platform to develop and execute utility-scale renewable projects across solar, wind, and hybrid with good quality off-takers via both greenfield project development and M&A. O2 Power was founded in 2020 and is based in Gurugram, India.

Search 206,010 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

JSW Energy

Mumbai, India
Category Company
Founded 1994
Sector Utilities
Employees2,500
Revenue 114.9B INR (2024)
DESCRIPTION

JSW Energy is a provider of full-service integrated power company. JSW Energy was founded in 1994 and is based in Mumbai, India.

DEAL STATS #
Overall 3 of 3
Sector: Renewable Energy M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: India M&A 3 of 3
Year: 2024 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-18 thyssenkrupp Electrical Steel India

Maharashtra, India

thyssenkrupp Electrical Steel India is a manufacturer of grain-oriented electrical steel. thyssenkrupp Electrical Steel India is based in Maharashtra.

Buy -

Seller(S) 2

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

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 187 of 189
Sector: Renewable Energy M&A 3 of 3
Type: Add-on Acquisition M&A Deals 74 of 75
Country: India M&A 2 of 2
Year: 2024 M&A 10 of 10
Size (of disclosed) 14 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-05 ju:niz Energy

Traunstein, Germany

ju:niz Energy develops and operates advanced large-scale battery storage systems designed to be both system- and grid-compatible while ensuring economic viability. The company's value chain encompasses project development from site acquisition to grid connection, project management including planning, construction, and commissioning, as well as technical operations, maintenance, and commercial management, which involves coordinating market operations and optimizing system performance. ju:niz Energy is based in Traunstein, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 Scale Microgrids

Ridgewood, New Jersey, United States

Scale Microgrids is a vertically integrated solutions provider building the bridge to a sustainable energy future by transforming cutting-edge clean technologies into integrated packaged solutions. Scale Microgrids is based in Ridgewood, New Jersey.

Buy -
SELLER

Temasek Holdings

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 496.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.

DEAL STATS #
Overall 13 of 13
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
Country: India M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Keywords Studios

Dublin, Ireland

Keywords Studios is an international technical services provider to the global video games industry. The company provides integrated art creation, localization, testing, audio, and customer care services across 50 languages and 14 game platforms to a blue-chip client base in more than 15 countries. Keywords Studios was founded in 1998 and is based in Dublin, Ireland.

Buy £2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-31 Novotech

Sydney, Australia

Novotech is a full-service contract research organization (CRO) that provides biotech and small- to mid-sized pharmaceutical companies. Novotech was founded in 1997 and is headquartered in Sydney, Australia.

Buy -
Mergr

Product

Company

Legal