Dealflow | July 22, 2022

ImpactAlpha Deal Spotlight: Mergers and acquisitions

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, July 22 — Evidence from the Great Financial Crisis shows  that investors that made significant acquisitions have outperformed those that didn’t.

Large asset managers and private equity investors, sitting on a hefty nearly $2 trillion in dry powder, appear to be heeding the lesson.

This week, Generate Capital acquired esVolta, a large-scale battery storage developer, owner and operator with over 900 megawatt hours of storage capacity in North America.

“Battery storage is critical to building a sustainable energy system and ensuring grid reliability as we scale up renewables and accelerate the energy transition,” said Generate’s Scott Jacobs. The firm earlier this year acquired organics recyclers StormFisher and Atlas Organics.

Separately, funds managed by BlackRock this week purchased Vanguard Renewables, whose anaerobic digesters convert food and dairy waste to clean energy, from Vision Ridge Partners.

Deeper dive

In M&A activity this year so far: Apollo Global Management acquired a $175 million stake in community solar provider Summit Ridge Energy… Mirova, the $30 billion impact unit of Natixis, acquired Nairobi-based SunFunder… Global Infrastructure Partners acquired Atlas Renewable Energy from Actis in a deal valued at nearly $2 billion.