Overview
- Solarcentury, headquartered in London, is a leading global solar PV developer, with an extensive existing portfolio of 5GW+ of solar projects in construction and development
- In 2017, Solarcentury mandated SDCL to advise and execute on a value maximisation strategy for the group
- The business had reached a stage where transitioning from a development and EPC business to an IPP through a strategic capital partnership was the most value accretive option
SDCL’s Role
SDCL provided specialized strategic and financial advisory, including:
- Strategic review of markets and business operations to support revised group strategy;
- Review of company’s existing financial structure and options for growth;
- Drafting of all front end corporate finance materials (teasers, CIMS, financial models etc.)
- Running a competitive capital raising process and coordinating due diligence efforts;
- Advice on transaction documentation; and
- Support in negotiations and closing of capital financing
Outcome
- SDCL was able to deliver a successful outcome for Solarcentury in a complex and competitive process to find a strategic capital partner to accelerate their growth strategy
- Solarcentury entered into a strategic partnership with Encavis, whereby Encavis committed to invest €250 million equity alongside Solarcentury, who will build, own and operate a c.1.1GW solar portfolio in Europe and Mexico