M&A Deal Summary

TPG Acquires Matrix Renewables

On July 1, 2020, private equity firm TPG acquired renewable energy company Matrix Renewables

Acquisition Highlights
  • This is TPG’s 4th transaction in the Renewable Energy sector.
  • This is TPG’s 1st transaction in Spain.

M&A Deal Summary
Date 2020-07-01
Target Matrix Renewables
Sector Renewable Energy
Buyer(s) TPG
Deal Type Consolidation

Target

Matrix Renewables

Madrid, Spain
Matrix Renewables is a renewable energy platform comprised of 2.1 GW of operational, under construction, or near ready-to-build solar PV projects and a further 2.7 GW pipeline of renewable energy projects under development, across the US, Europe, and Latin America. Matrix Renewables was founded in 2020 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 372 of 421
Sector (Renewable Energy) 4 of 6
Type (Consolidation) 5 of 6
Country (Spain) 1 of 1
Year (2020) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Enlivant

Chicago, Illinois, United States

Enlivant owns and/or operates more than 200 assisted living residences comprising more than 9,000 resident units across the United States. Enlivant was founded in 1981 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-16 FreedomPay

Philadelphia, Pennsylvania, United States

FreedomPay is a provider of cloud-based payments solutions for the entire commerce ecosystem. The omnichannel payments and incentives platform provides fully integrated, processor agnostic technology that helps large and leading enterprises manage their payments infrastructure, security, analytics, and marketing offers. FreedomPay was founded in 2000 and is based in Philadelphia, Pennsylvania.

Sell -
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