KKR acquisition of Gestamp Asetym Solar

Overview:

• US private equity firm Kohlberg Kravis Roberts (KKR) has acquired 80% of the solar photovoltaic business of Grupo Gestamp worldwide in a $1 billion deal.
• The transaction involves a joint venture (80/20) between KKR and Gestamp to internationally develop and grow the business.
• The deal required the coordination of an extensive due diligence covering projects in over twenty jurisdictions; and the separation of the solar business that was connected with the Gestamp wind business.

Adam Majeed - Regional editor