Investment Summary

Valor Equity Partners and Silver Lake Invest In SolarCity

On February 29, 2012, growth capital firm Valor Equity Partners and private equity firm Silver Lake invested in renewable energy company SolarCity

Investment Highlights
  • This is Valor Equity Partners’ 1st and Silver Lake’s 2nd transaction in the Renewable Energy sector.
  • This is Valor Equity Partners’ 9th and Silver Lake’s 40th transaction in the United States.
  • This is Valor Equity Partners’ 2nd and Silver Lake’s 13th transaction in California.
Investment Fate
  • SolarCity went public in 2012.
  • SolarCity was sold to a financial buyer in 2015.
  • SolarCity was sold to a publicly-traded strategic buyer in 2016 for 2.6B USD.

Investment Summary

Date 2012-02-29
Target SolarCity
Sector Renewable Energy
Investor(s) Valor Equity Partners
Silver Lake
Deal Type Venture

Target

SolarCity

San Mateo, California, United States
Entrance to SolarCity's corporate headquarters in San Mateo, California.
Entrance to SolarCity's corporate headquarters in San Mateo, California.
SolarCity is a provider of clean energy solutions. The Company delivers renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. SolarCity was formed in 2006 and is based in San Mateo, California.

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Investor(S) 2

Investor

Valor Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Valor Equity Partners is an operationally focused venture capital and growth equity firm focused on acquiring control or non-control positions in high growth companies across various stages of development. Area of interest include industrial products, manufacturing, infrastructure, industrial maintenance, energy services, healthcare, and business services. Valor Equity Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 17
Sector: Renewable Energy M&A 1 of 1
Type: Venture M&A Deals 2 of 8
State: California M&A 2 of 5
Country: United States M&A 9 of 17
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 All Smiles Dental Center

Dallas, Texas, United States

All Smiles Dental Center, Inc. is a provider of dental care services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-16 North American Coatings

Mokena, Illinois, United States

North American Coatings is a provider of performance coatings. This includes painting and fireproofing material together with associated services for industrial and commercial industries. North American Coatings is based in Mokena, Illinois.

Sell -
Investor

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 53 of 136
Sector: Renewable Energy M&A 2 of 3
Type: Venture M&A Deals 3 of 10
State: California M&A 13 of 37
Country: United States M&A 40 of 96
Year: 2012 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 Zynga

San Francisco, California, United States

Zynga is a developer of online social games with more than 200 million monthly active users connected via social networks such as Facebook and technology platforms such as the iPhone. Zynga was founded in 2007 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Endeavor

Beverly Hills, California, United States

Endeavor is a global sports and entertainment company, home to the world’s most dynamic and engaging storytellers, brands, live events, and experiences. The Endeavor network specializes in talent representation; marketing and licensing; content development, distribution, and sales; event management; and a number of direct-to-consumer offerings. Endeavor was incorporated in 1898 and is based in Beverly Hills, California.

Buy -