Blackstone Announces Strategic Investment in Esdec Solar Group
07.28.22
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The Firm is representing Blackstone in connection with its strategic investment in Esdec Solar Group B.V. (“Esdec”). Esdec reached an agreement to strengthen its shareholder base with a significant strategic investment from funds managed by Blackstone Energy Partners and Blackstone Capital Partners (“Blackstone”). The transaction is conditional on customary regulatory clearances.
Esdec is a leading developer and distributor of professional rooftop solar racking and mounting systems and solutions for both residential and commercial roofs. Developed for installers, by installers, its in-house R&D team has simplified installations with some of the fastest, most economical solutions on the market.
The Simpson Thacher team includes Geoff Bailhache, Paul Foote, Carlo Pia, Sean Macdonald, Adam Ismail and Izaak Lustgarten (Corporate); Yash Rupal and Sarah Lane (Tax); and Harry Briffitt (Finance).