Warburg to sell CleanMax stake
Warburg Pincus Llc is exploring the sale of its stake in rooftop solar power company CleanMax, two people aware of the development said, adding the private equity firm may hire an investment banker soon.
A potential deal could rank among the largest in India’s green energy segment, where transaction activity continues unabated despite the coronavirus pandemic.
CleanMax’s other investors are International Finance Corp. (IFC) and UK Climate Investments LLP (UKCI), a joint venture between Green Investment Group and the UK government’s department for business, energy and industrial strategy. UKCI is managed by Macquarie Infrastructure and Real Assets.
