Investment Summary

Mubadala Capital and BlackRock LTPC Invest In Tata Power Renewable

On July 26, 2022, sovereign wealth fund Mubadala Capital and private equity firm BlackRock LTPC invested in renewable energy company Tata Power Renewable

Investment Highlights
  • This is Mubadala Capital’s 2nd and BlackRock LTPC’s 1st transaction in the Renewable Energy sector.
  • This is Mubadala Capital’s 2nd and BlackRock LTPC’s 1st transaction in India.

Investment Summary

Date 2022-07-26
Target Tata Power Renewable
Sector Renewable Energy
Investor(s) Mubadala Capital
BlackRock LTPC
Deal Type Stake Purchase

Target

Tata Power Renewable

Mumbai, India
Tata Power Renewable develops, constructs and operates wind and solar power assets. Tata Power Renewable is based in Mumbai, India.

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Investor(S) 2

Investor

Mubadala Capital

Investor


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 34 of 44
Sector: Renewable Energy M&A 2 of 2
Type: Stake Purchase M&A Deals 9 of 10
Country: India M&A 2 of 2
Year: 2022 M&A 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Envirotainer

Sollentuna, Sweden

Envirotainer is a provider of temperature-controlled air cargo containers. Envirotainer designs, manufactures, and leases active temperature-controlled containers used primarily for air freighting biopharma products, transporting up to two million doses of medicine per day. Envirotainer serves around 600 pharmaceutical companies worldwide, including many of the blue-chip global biopharma companies and operates from regional centres in Stockholm, Frankfurt, Dallas and Singapore, with a portfolio of around 5,800 leased containers globally. Envirotainer was founded in 1996 and is based in Sollentuna, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Avalara

Seattle, Washington, United States

Avalara provides a suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Avalara was formed in 2004 and is based in Seattle, Washington.

Buy $8.4B
Investor

BlackRock LTPC

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BlackRock LTPC is the direct investing arm of asset manager and financial services company BlackRock. The Group looks to make long-term, control investments of at least $500 million in large companies throughout North America and Western Europe. BlackRock LTPC is based in New York, New York.


DEAL STATS #
Overall 6 of 12
Sector: Renewable Energy M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Summit Companies

Mendota Heights, Minnesota, United States

Summit Companies provides fire and life safety services and installation services, including inspection, testing, and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Paradigm Oral Health

Lincoln, Nebraska, United States

Paradigm Oral Health is a provider of oral surgery with the ability to hire the most elite oral surgeons in the country and train them on their proprietary platform of excellence. The company continues to revolutionize and reinvent implant surgery through its ongoing technology and digital workflow advancements. Paradigm Oral Health is based in Lincoln, Nebraska.

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