M&A Deal Summary

KKR and Hannon Armstrong Capital Acquire CarbonCount

On May 7, 2024, private equity firm KKR and Hannon Armstrong Capital acquired renewable energy company CarbonCount

Acquisition Highlights
  • This is KKR’s 12th and Hannon Armstrong Capital’s 2nd transaction in the Renewable Energy sector.
  • This is KKR’s 202nd and Hannon Armstrong Capital’s 2nd transaction in the United States.
  • This is KKR’s 6th and Hannon Armstrong Capital’s 1st transaction in Maryland.

M&A Deal Summary

Date 2024-05-07
Target CarbonCount
Sector Renewable Energy
Buyer(s) KKR
Hannon Armstrong Capital
Deal Type Joint Venture

Target

CarbonCount

Maryland, United States
CarbonCount invests in climate positive projects across the United States.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 474 of 484
Sector (Renewable Energy) 12 of 12
Type (Joint Venture) 7 of 7
State (Maryland) 6 of 6
Country (United States) 202 of 210
Year (2024) 9 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Healthium

Bengaluru, India

Healthium is a manufacturer and marketer of surgical and medical consumables including surgical sutures, staplers, suturing needles, other wound closure products, surgical gloves, urology products, and a range of minimally invasive solutions. Healthium was formed in 1992 and is based in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Infinx Services

Cupertino, California, United States

Infinx Services provides data-driven AI and automation solutions for U.S. healthcare revenue cycle management (RCM). Infinx’s Healthcare Revenue Cloud platform supports end-to-end revenue cycle business functions with AI, automation, payer integrations and workforce management. Infinx Services was founded in 2012 and is based in Cupertino, California.

Buy -
Buyer

Hannon Armstrong Capital

Annapolis, Maryland, United States

Category Company
Founded 1980
Sector Financial Services
DESCRIPTION

Hannon Armstrong Capital, LLC provides finance solutions for governmental and commercial clients.


DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Joint Venture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 American Wind Capital

Old Saybrook, Connecticut, United States

American Wind Capital ("AWCC"), led by Charles C. Hinckley is a leading company in the wind energy royalty acquisition business. AWCC was formed for the purpose of purchasing long-term royalty payments from property owners who receive royalty income from wind power projects in the United States.

Buy $107M