Radar > 238286

I Squared may be biddiing for Grupo T-Solar

I Squared habría entrado en la puja por Grupo T-Solar

Intel ID : 238286
Synopsis

I Squared, a US-based investment firm, is said to have begun talks to acquire Grupo T-Solar, a subsidiary of Isolux Corsán, reported Expansión on 30 June, 2016, citing financial sources.

Besides I Squared, other interested bidders are said to be UK-based Cubico Sustainable Investments, the renewable energy investment branch of Banco Santander (BME:SAN), and Spain-based Bruc Management, a fund that has the financial support of Hungarian investor, George Soros.

Additionally, according to the report, it is likely Spain-based Gas Natural Fenosa (BME:GAS) and US-based KKR (NYSE:KKR) will not participate in the bidding.
(content in spanish)

La firma de inversión estadounidense I Squared podría haber iniciado las negociaciones para adquirir Grupo T-Solar, filial de Isolux Corsán, según ha informado el diario Expansión el 30 de junio de 2016, basándose en fuentes financieras consultadas.

Además de I Squared, habría otras empresas interesadas, como Cubico Sustainable Investments, el brazo inversor en renovables del Banco Santander (BME: SAN), y el fondo Bruc Management, que cuenta con el respaldo financiero del inversor de origen húngaro George Soros.

Asimismo, dichas fuentes han asegurado que sería posible que Gas Natural Fenosa (BME: GAS) y la firma estadounidense KKR (NYSE: KKR) no acudiesen a la puja.

Bidder

Target

Seller


Intel ID 238286
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Grupo T-Solar
(31 Dec 2020)
Revenue: EUR 152,77m
EBITDA: EUR 111,70m
Net Debt: EUR 2.388,39m
People: 29
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
10.01.02 Consulting & Professional Development Services
10 Business Services / 10.01 Business & Professional Support Services

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Infrastructure / Roads and Highways
Energy and Renewable Energies / Solar
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

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

Country
Website
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Energy and Renewable Energies / Wind
Energy and Renewable Energies / Biomass
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
20.04.02 Biomass
20 Energy & Utilities / 20.04 Renewable Energy

20.04.09 Wind Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Energy and Renewable Energies / Electric
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect 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.