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  6. True Green Capital Management Acquires CleanChoice

M&A Deal Summary

True Green Capital Management Acquires CleanChoice

On April 28, 2023, infrastructure investor True Green Capital Management acquired renewable energy company CleanChoice

Acquisition Highlights
  • This is True Green Capital Management’s 2nd transaction in the Renewable Energy sector.
  • This is True Green Capital Management’s 1st transaction in the United States.
  • This is True Green Capital Management’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2023-04-28
Target CleanChoice
Sector Renewable Energy
Buyer(s) True Green Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Guggenheim Securities (Financial)
Pillsbury Winthrop Shaw Pittman (Legal)

Target

CleanChoice

Washington, District of Columbia, United States
CleanChoice is a direct-to-consumer clean energy provider, that makes it easy for consumers and businesses to purchase clean energy from renewable sources. Available nationwide, the company helps Americans support renewable energy, reduce pollution and live cleaner and healthier lives. CleanChoice was formed in 2012 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

True Green Capital Management

Category Infrastructure
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

True Green Capital Management is a specialist investment group focused on renewable energy infrastructure opportunities across North America and Europe. True Green Capital Management was founded in 2011 and is based in Westport, Connecticut.

DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: District of Columbia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 Faradae

Lyon, France

Faradae develops, finances and operates self-consumption photovoltaic installations on behalf of building owners/users. Faradae finances photovoltaic installations combining a self-consumption component and a component for sale on the network of the electricity produced. Faradae also provides a legal framework for the client in order to resolve complex situations. Faradae was founded in 2019 and is based in Lyon, France.

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