Corpfin Capital could force Isolux Corsán to acquire its11.6% of T-Solar
Corpfin Capital podría forzar a Isolux Corsán a comprar su 11,6% en T-Solar
Intel ID : 234780
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Corpfin Capital, a Spanish private equity firm, could be willing to force Isolux Corsán to acquire its11.6% stake in T-Solar, for EUR 75.6m, as published by newspaper El Economista on 15 March 2016. According to the news, baseed on the annual financial statements, the two companies agreed that between 30 April and 31 May 2016, Corpfin could request that Isolux must re-acquire its T-Solar titles. In this way, Corpfin Capital could force Isolux to honor its acquisition option, signed in October 2011, through which Isolux would have to pay at least EUR 75.6m. Nevertheless, Isolux also plans to sell its subsidiary, and may have received several offers from investment funds, including Cerberus, Centerbridge,power company Fortum and fund Bruc. (see related intel)
(content in spanish)
Corpfin Capital, firma de private equity española, estaría dispuesta a forzar a Isolux Corsán a comprar su 11,6% en T-Solar por EUR 75,6m, según ha informado El Economista el 15 de marzo de 2016. El diario ha asegurado que, según las cuentas anuales de la compañía, ambas firmas tienen pactado que entre el 30 de abril y el 31 de mayo de 2016, Corpfin puede reclamar la recompra de los títulos de T-Solar a Isolux. De este modo, Corpfin Capital podría forzar a Isolux a hacer frente a la opción que mantiene firmada desde octubre de 2011, y que obligaría a Isolux a pagar, al menos, EUR 75,6m a Corpfin Capital. Sin embargo, Isolux también tiene intenciones de desprenderse de su filial, y para ello podría tener varias ofertas sobre la mesa de fondos de inversión, entre los que destaca Cerberus, Centerbridge, la eléctrica Fortum y el fondo Bruc. (Ver Intel relacionado) |
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| Intel ID | 234780 | ||||||||
| Value | EUR 75,60m (Approx.) | ||||||||
| Native Currency | Euro (EUR) | ||||||||
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Financial Data - Grupo T-Solar
(31 Dec 2020) |
Revenue: EUR 152,77m EBITDA: EUR 111,70m Net Debt: EUR 2.388,39m People: 29 |
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20.04.08 Solar Power 20 Energy & Utilities / 20.04 Renewable Energy |
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20.04.02 Biomass 20 Energy & Utilities / 20.04 Renewable Energy 20.04.09 Wind Power 20 Energy & Utilities / 20.04 Renewable Energy |
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25.01.09 Private Equity 25 Financial Services / 25.01 Banking & Investment |
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25.01.09 Private Equity 25 Financial Services / 25.01 Banking & Investment |
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25.01.09 Private Equity 25 Financial Services / 25.01 Banking & Investment |
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| Primary Sector (TTRSC) |
20.04.08 Solar Power 20 Energy & Utilities / 20.04 Renewable Energy |
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10.01.02 Consulting & Professional Development Services 10 Business Services / 10.01 Business & Professional Support Services |
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35.03.03 Construction & Engineering (Non Residential) 35 Industrials / 35.03 Construction & Engineering |
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| Secondary Sectors (TTRSC) |
20.04.07 Renewable Energy Equipment 20 Energy & Utilities / 20.04 Renewable Energy 35.03.05 Homebuilders (Residential) 35 Industrials / 35.03 Construction & Engineering 35.09.05 Toll Bridges, Roads & Highways 35 Industrials / 35.09 Transport Infrastructure |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.