Investment Summary

Zouk Capital and SolarCity Invest In Zola Electric

On December 1, 2014, private equity firm Zouk Capital and SolarCity invested in utilities company Zola Electric

Investment Highlights
  • This is Zouk Capital’s 1st and SolarCity’s 1st transaction in the Utilities sector.
  • This is Zouk Capital’s 1st and SolarCity’s 1st transaction in Tanzania.

Investment Summary

Date 2014-12-01
Target Zola Electric
Sector Utilities
Investor(s) Zouk Capital
SolarCity
Deal Type Venture

Target

Zola Electric

Arusha, Tanzania
Zola Electric is a provider of solar energy services to off-grid residential customers in Sub-Saharan Africa. Zola Electric is based in Arusha, Tanzania.

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Investor(S) 2

Investor

Zouk Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Zouk Capital is a private equity and infrastructure fund manager investing in the sustainable economy. Zouk's strategy is to capitalize on the investment opportunities created by the global shift to greater resource efficiency. Zouk's Technology Growth team seeks to help commercially proven technology companies to accelerate growth, increase market share and create value. The Firm's Infrastructure investment group looks to finance the construction of new high-yielding assets, by acquiring, developing and funding late-stage renewable energy infrastructure projects. Zouk was established in 1999 and is headquartered in London.


DEAL STATS #
Overall 10 of 18
Sector: Utilities M&A 1 of 1
Type: Venture M&A Deals 4 of 5
Country: Tanzania M&A 1 of 1
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 iZettle AB

Stockholm, Sweden

iZettle AB is a payment acceptance company provides mobile payment services. iZettle is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 Huddle

London, United Kingdom

Huddle is a provider of SaaS-based secure content collaboration and workflow solutions primarily in the UK and USA. Huddle provides cloud-based secure document collaboration and compliance software, which is complementary to Ideagen’s industry-leading PleaseReview package. Huddle was founded in 2006 and is based in London, United Kingdom.

Buy -
Investor

SolarCity

San Mateo, California, United States

Category Company
Founded 2006
Sector Renewable Energy
Employees15,219
Revenue 400M USD (2015)
DESCRIPTION
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.


DEAL STATS #
Overall 7 of 8
Sector: Utilities M&A 1 of 1
Type: Venture M&A Deals 1 of 1
Country: Tanzania M&A 1 of 1
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Silevo

Fremont, California, United States

Silevo, Inc. is a solar cell innovator and photovoltaic (PV) solar module manufacturer that has evolved the use of silicon for solar to offer cost-effective high performance solar modules.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 ILIOSSON S.A. de C.V.

Mexico

ILIOSSON S.A. de C.V. is a commercial and industrial solar developer.

Buy -