M&A Deal Summary

World Assurance Group Acquires Solar Parc Moldoveni SRL

On March 31, 2015, World Assurance Group acquired renewable energy company Solar Parc Moldoveni SRL from Power Clouds Pte

Acquisition Highlights
  • This is World Assurance Group’s 3rd transaction in the Renewable Energy sector.
  • This is World Assurance Group’s 2nd transaction in Romania.

M&A Deal Summary

Date 2015-03-31
Target Solar Parc Moldoveni SRL
Sector Renewable Energy
Buyer(s) World Assurance Group
Sellers(s) Power Clouds Pte
Deal Type Divestiture

Target

Solar Parc Moldoveni SRL

Bucuresti, Romania
Solar Parc Moldoveni SRL is a provider of renewable energy services in romania.

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Buyer(S) 1

Buyer

World Assurance Group

Dublin, Ireland

Category Company
Sector Media
DESCRIPTION

World Assurance Group Inc. is a holding company that currently operates through three wholly owned subsidiaries: Cellad Inc., a digital media company based in Ireland operating in the global mobile advertising industry; World Global Assets Pte Ltd (WGA) based in Singapore and which owns the Wor(l)d Global Network Pte Ltd brands, trademarks, technology and IP and World Media and Technologies Inc ("WRMT") an OTC listed company operating in the wearable technology and communications arena.


DEAL STATS #
Overall 3 of 3
Sector: Renewable Energy M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Romania M&A 2 of 2
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Fran SRL

Romania

Fran SRL is a provider of renewable energy services.

Buy -

Seller(S) 1

SELLER

Power Clouds Pte

WCEGA Tower, Singapore

Category Company
Sector Renewable Energy
DESCRIPTION

Power Clouds Pte Ltd. is a developer of renewable and sustainable energy projects worldwide and it engages in planning, creating and managing photovoltaic plants all over the world. It identifies optimal locations for its solar plants and then supports these projects with the coordination of business development activities and the strategic resources of engineers, suppliers, skilled builders and partner companies.


DEAL STATS #
Overall 3 of 3
Sector: Renewable Energy M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Romania M&A 2 of 2
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Fran SRL

Romania

Fran SRL is a provider of renewable energy services.

Sell -