Radar > 238875

I Squared may have entered exclusive talks with Isolux Corsán to acquire subsidiary Grupo T-Solar

I Squared podría haber entrado en negociaciones exclusivas con Isolux Corsán para adquirir su filial Grupo T-Solar

Intel ID : 238875
Synopsis

I Squared, a US-based private equity firm, may have entered exclusive talks with Spain-based Isolux Corsán to acquire its subsidiary Grupo T-Solar for EUR 120m, reported Expansión on 20 July 2016.

According to the report, I Squared may have surpassed Cubico Sustainable Investments, a UK-based investment branch of Banco Santander (BME:SAN), which also expressed its interest (see related intel).

Grupo T-Solar is worth between EUR 120m and EUR 130m, to which a total debt of approximately EUR 800m should be added.
(content in spanish)

I Squared, firma de private equity estadounidense, podría haber entrado en negociaciones en exclusiva con la española Isolux Corsán para adquirir su filial Grupo T-Solar por EUR 120m, según ha reportado el diario Expansión el 20 de julio de 2016.

Según lo publicadom I Squared podría haber tomado la delantera sobre Cubico Sustainable Investments, brazo inversor inglés del Banco Santander (BME: SAN), que también había mostrado interés (ver Intel relacionado).

Grupo T-Solar está valorada entre EUR 120m y EUR 130m, a lo que habría que sumar una deuda total que asciende a casi EUR 800m.

Bidder

Target

Seller


Intel ID 238875
Value EUR 120,00m (Approx.)
Native Currency Euro (EUR)
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

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.