Gestamp to Sell 80% of Solar Renewable Energy Business
07.21.15
This is only gets display when printing
The Firm is representing Gestamp in connection with the sale of 80% of its solar renewable energy business, Gestamp Asetym Solar, S.L. (“Gestamp Solar”), to funds advised by Kohlberg Kravis Roberts & Co. L.P. Gestamp’s solar renewable energy business is present in 18 countries, and has approximately 300 MW of PV projects in operation or in construction, and 2.2 GW of PV projects under development. The transaction values Gestamp Solar at a total enterprise value of approximately $1 billion. Closing is subject to regulatory approvals and third party consents.
The Simpson Thacher team includes Wim De Vlieger and Manuela González-Arias (M&A); and Étienne Renaudeau (Competition).