NEW DELHI: Global private equity fund Actis Llp’s renewable energy platform Sprng Energy on Friday acquired 194 megawatts (MW) of Shapoorji Pallonji group’s solar assets for an enterprise value of $200 million, two people aware of the development said.
Standard Chartered and Credit Suisse were the investment bankers for Actis and Shapoorji Pallonji group for the deal, respectively.
“The equity payout was around $70 million with the payment being made on Friday. Sprng Energy has acquired 194MW of the 400MW that was put on the block,” one of the two people cited above said on condition of anonymity.
