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M&A Deal Summary

Petroliam Nasional Berhad Acquires Amplus Energy Solutions

On April 15, 2019, Petroliam Nasional Berhad acquired renewable energy company Amplus Energy Solutions from I Squared Capital for 389M USD

Acquisition Highlights
  • This is Petroliam Nasional Berhad’s 1st transaction in the Renewable Energy sector.
  • This is Petroliam Nasional Berhad’s 3rd largest (disclosed) transaction.
  • This is Petroliam Nasional Berhad’s 1st transaction in India.

M&A Deal Summary
Date 2019-04-15
Target Amplus Energy Solutions
Sector Renewable Energy
Buyer(s) Petroliam Nasional Berhad
Sellers(s) I Squared Capital
Deal Type Add-on Acquisition
Deal Value 389M USD

Target

Amplus Energy Solutions

Gurgaon, India
Amplus Energy Solutions is an opertor of rooftop solar power projects. Amplus Energy Solutions is based in Gurugram, Haryana.

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Buyer(S) 1

Buyer

Petroliam Nasional Berhad

Kuala Lumpur, Malaysia
Category Company
Founded 1974
Sector Oil/Gas Exploration
Employees49,193
DESCRIPTION

PETRONAS has been actively involved in the development of the petroleum industry, Company redefine the future of energy with innovative approaches to technology and engineering in order to maximise and deliver sustainable energy for tomorrow.

DEAL STATS #
Overall 2 of 4
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (India) 1 of 1
Year (2019) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 Malaysian Refining Sdn. Bhd.

Sungai Udang, Malaysia

Malaysian Refining Company Sdn. Bdh., also known as PSR-2, refines and processes crude oil into refined products.

Buy $635M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Da Vinci Group B.V.

Ittervoort, Netherlands

Da Vinci Group B.V. is a private limited liability company, incorporated in the Netherlands with global operations involving own-brand reselling, formulating and manufacturing of silicones, lube oil additives, and chemicals.

Buy €163M

Seller(S) 1

SELLER

I Squared Capital

Investor Investor Investor

Category Infrastructure
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 3 of 6
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 3 of 5
Country (India) 2 of 2
Year (2019) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Órigo Energia

São Paulo, Brazil

Órigo Energia is a Brazilian downstream solar company that sells, engineers, and operates PV (photovoltaic) systems in the commercial B3 (low voltage) customer segment. Órigo Energia was founded in 2010 and is based in São Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Cube Hydro Partners

Bethesda, Maryland, United States

Cube Hydro Partners LLC is an operator of small and medium-sized 19 hydropower facilities, providing 385 MW of in-service capacity facilities based in the northeast and southeast United States. Cube Hydro Partners LLC was founded in 2014 and is based in Bethesda, Maryland.

Sell -
Mergr

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