M&A Deal Summary

Trina Solar Acquires Nclave

On May 21, 2018, Trina Solar acquired renewable energy company Nclave from Qualitas Equity

Acquisition Highlights
  • This is Trina Solar’s 3rd transaction in the Renewable Energy sector.
  • This is Trina Solar’s 1st transaction in Spain.

M&A Deal Summary
Date 2018-05-21
Target Nclave
Sector Renewable Energy
Buyer(s) Trina Solar
Sellers(s) Qualitas Equity
Deal Type Add-on Acquisition

Target

Nclave

Madrid, Spain
Nclave is a designer, manufacturer, installation and maintenance of solar trackers and fixed-tilt structures worldwide. Nclave was founded in 2017 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Trina Solar

Changzhou, China
Category Company
Founded 1997
Sector Renewable Energy
Employees43,031
Revenue 113.4B CNY (2023)
DESCRIPTION

Trina Solar is a provider of photovoltaic modules, solutions and services. Trina Solar was founded in 1997 and is based in Changzhou, China.

DEAL STATS #
Overall 5 of 5
Sector (Renewable Energy) 3 of 3
Type (Add-on Acquisition) 2 of 2
Country (Spain) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Solland Solar Cells BV

Heerlen, Netherlands

Solland Solar Cells BV is a solar cell manufacturing company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Trina Solar-1GW of Solar PV Projects

Spain

Trina Solar's 1GW of Solar PV Projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico.

Sell -

Seller(S) 1

SELLER

Qualitas Equity

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Qualitas Equity is a private equity firm that seeks investments in middle-market Spanish and Portuguese companies. Qualitas seeks control investments in marketing, food, manufacturing, and service based businesses. Qualitas looks to invest in buyout and growth capital transactions requiring €4 to €15 million of equity capital. The Firm's investment horizon is three to seven years. Qualitas Equity was formed in 2003 and is based in Madrid.

DEAL STATS #
Overall 6 of 7
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 3 of 4
Country (Spain) 6 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-24 imegen

Valencia, Spain

imegen is a genetic diagnosis and genomics specialist firm, an internationally respected genetic analysis laboratory with a strong commitment to R&D and to collaborate intensively in medical training and popular science. imegen was founded in 2009 and is based in Valencia, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 imegen

Valencia, Spain

imegen is a genetic diagnosis and genomics specialist firm, an internationally respected genetic analysis laboratory with a strong commitment to R&D and to collaborate intensively in medical training and popular science. imegen was founded in 2009 and is based in Valencia, Spain.

Sell -
Mergr

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