Investment Summary

Newlight Partners Invests In BayoTech

On January 5, 2021, private equity firm Newlight Partners invested in energy services and equipment company BayoTech

Investment Highlights
  • This is Newlight Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Newlight Partners’ 8th transaction in the United States.
  • This is Newlight Partners’ 1st transaction in New Mexico.

Investment Summary

Date 2021-01-05
Target BayoTech
Sector Energy Services and Equipment
Investor(s) Newlight Partners
Deal Type Growth Capital

Target

BayoTech

Albuquerque, New Mexico, United States
BayoTech is a hydrogen supplier, offering production, transport, storage, fueling and power solutions. BayoTech’s highly efficient model of local production and distribution hubs, including its proprietary on-site hydrogen generation system, provides reliable, low-cost, low-carbon hydrogen to consumers in rapidly growing power and mobility applications. BayoTech was founded in 2015 and is based in Albuquerque, New Mexico.

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Investor(S) 1

Investor

Newlight Partners


Category Private Equity Firm
Founded 2018
PE ASSETS 4.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Newlight Partners is a growth-focused middle market private equity firm investing in companies across North America. The Firm seeks to partner with founders and management teams in businesses in a variety of industries including healthcare, financial services, digital transformation, and decarbonization. Newlight Partners typically commits up to $150 million per transaction to support long-term growth initiatives. Newlight Partners was founded in 2018 and is headquartered in New York, New York.


DEAL STATS #
Overall 10 of 12
Sector (Energy Services and Equipment) 1 of 1
Type (Growth Capital) 6 of 8
State (New Mexico) 1 of 1
Country (United States) 8 of 9
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Rove

Costa Mesa, California, United States

Rove is a developer, owner, and operator of next-generation electric vehicle (“EV”) charging stations. Leveraging software and on-site battery storage, Rove’s network of stations offers fast charging alongside an array of amenities, including restrooms, lounges, car wash and other retail. Rove provides a convenient and reliable public charging experience tailored to drivers and fleets underserved by current EV charging infrastructure. Rove was founded in 2019 and is based in Costa Mesa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Constellation

New York City, New York, United States

Constellation is an enterprise technology platform with a proprietary marketing compliance SaaS solution that allows top brands and fortune 500 companies to seamlessly build, launch and manage hyper-targeted campaigns at scale. Constellation’s advanced data-feeding system transforms complex data variables into thousands of creative asset iterations. Constellation is focused on delivering an automated solution that scales both creative and regulatory approval processes. Constellation was founded in 2016 and is based in New York City.

Buy -