KKR Acquires an 80% Stake in Gestamp Solar
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KKR & Co. (KKR) Takes Majority Stake in Gestamp Solar
July 21, 2015 7:40 AM EDTKKR & Co. (NYSE: KKR) has reached a definitive agreement to acquire from Gestamp Renewables an 80% stake in Gestamp Asetym Solar, S.L. (Gestamp Solar), a premier global solar PV developer and operator. The investment is funded by KKR Global Infrastructure Investors II, a $3.1 billion global fund.
The transaction values Gestamp Solar at a total enterprise value of around $1 billion. Both partners have committed to fully support Gestamp Solar´s ambitious strategic plan to have in operation up to 2.5GW of installed capacity by 2020.
Gestamp Solar, founded in 2005, has rapidly grown into a... More
