M&As this week: SolarEdge Technologies, The Carlyle Group

19 October 2018 (Last Updated October 19th, 2018 11:49)

SolarEdge Technologies will acquire a 75% stake in Kokam for approximately $88m.

SolarEdge Technologies will acquire a 75% stake in Kokam for approximately $88m.

The company will make Kokam its wholly owned subsidiary and intends to purchase its remaining outstanding equity shares.

SolarEdge Technologies will add battery storage to its product portfolio to help make solar installations smarter and more beneficial.

Based in Israel, the acquirer company is engaged in developing smart energy technology, while the target company, based in South Korea, is a provider of lithium-ion battery cells, batteries, and energy storage solutions.

The Carlyle Group has acquired EnerMech Group from Lime Rock Partners for an undisclosed sum.

The acquisition is in line with Carlyle Group’s plans to expand its global footprint and enter new markets.

Carlyle International Energy Partners (CIEP) has agreed to provide equity for the transaction, while Credit Suisse, Lloyds, and DNB acted as underwriters for the all-senior-rated loan financing.

Based in the US, the acquirer company is engaged in alternative asset management, while the target company, based in Scotland, is engaged in providing critical asset support to the energy, infrastructure and industrials sectors.

“SolarEdge will add battery storage to its product portfolio to help make solar installations smarter and more beneficial.”

Infrastructure and Energy Alternatives (IEA) has signed a definitive agreement to acquire William Charles Construction Group, including Ragnar Benson, for approximately $90m.

IEA will create a national, market-leading platform in the rail industry and will expand its geographic footprint in the southern and western part of the US. It also plans to enter the heavy and light civil infrastructure and environmental remediation spaces.

IEA has selected Kirkland and Ellis as its legal counsel, while William Charles has chosen HolmstromKennedy as legal counsel for the transaction.

Based in the US, the acquirer company provides infrastructure solutions for renewable energy, traditional power, and civil infrastructure industries, while the target company is engaged in civil construction.

Ragnar Benson is a US-based firm engaged in providing general contracting and construction management services for building, light rail, and Class 1 civil construction.

Oncor Electric Delivery Company (Oncor), 80% of which is owned by Sempra Energy, has agreed to acquire the entire equity interest of InfraREIT for $1.275bn.

Sempra Energy has also agreed to acquire a 50% limited partnership interest in a holding company that will own Sharyland Utilities for approximately $98m.

The purchase will help Sempra Energy to advance its growth plans and expand its Texas-regulated utility platform.

Based in the US, the acquirer is a transmission company controlled by Sempra Energy, while the target company, also based in the US, is a real estate investment trust managed by Hunt Utility Services.

Sempra Energy is an energy infrastructure company and is headquartered in the US.