M&A Deal Summary

Tesla Acquires SolarCity

On August 1, 2016, Tesla acquired renewable energy company SolarCity from Silver Lake for 2.6B USD

Acquisition Highlights
  • This is Tesla’s 1st transaction in the Renewable Energy sector.
  • This is Tesla’s largest (disclosed) transaction.
  • This is Tesla’s 2nd transaction in the United States.
  • This is Tesla’s 1st transaction in California.

M&A Deal Summary
Date 2016-08-01
Target SolarCity
Sector Renewable Energy
Buyer(s) Tesla
Sellers(s) Silver Lake
Deal Type Add-on Acquisition
Deal Value 2.6B USD

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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Buyer(S) 1

Buyer

Tesla

Austin, Texas, United States
Category Company
Founded 2003
Sector Automotive
Employees140,473
Revenue 96.8B USD (2023)
DESCRIPTION
Tesla's corporate headquarters in Palo Alto, California.
Tesla's corporate headquarters in Palo Alto, California.

Tesla designs, manufactures and sells electric cars, batteries, and solar related equipment and systems to consumers, businesses, and municipalities. Tesla was formed in 2003 and is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 6
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (California) 1 of 3
Country (United States) 2 of 5
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 Riviera Tool

Grand Rapids, Michigan, United States

Riviera designs, develops and manufactures large-scale, custom metal stamping die systems used in the high-speed production of sheet metal parts and assemblies for the global automotive industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Grohmann Engineering

Prum, Germany

Grohmann Engineering GmbH is a developer and manufacturer of highly customized, high yield, multi-process modular assembly solutions for future oriented end-markets.

Buy -

Seller(S) 1

SELLER

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 36 of 64
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 12 of 18
State (California) 7 of 19
Country (United States) 26 of 50
Year (2016) 3 of 4
Size (of disclosed) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 Talend

Suresnes, France

Talend is a provider of open-source software with a range of products including data integration, data quality, master data management and application integration tools. Talend was formed in 2005 and is based in Suresnes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-08 Learfield Communications

Plano, Texas, United States

Learfield Communications is a provider of integrated marketing solutions in college sport. Learfield has a deep presence in the college athletics landscape nationwide. It manages the multimedia and sponsorship rights for more than 120 collegiate institutions, conferences and arenas, and supports athletic departments at all competitive levels as title sponsor of the prestigious Learfield Directors’ Cup. Learfield Communications was founded in 1972 and is based in Plano, Texas.

Buy -
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