KKR completes acquisition of majority equity interest in Avantus and secures $522 Million Development Facility
Acquiring Company
Kohlberg Kravis Roberts
Acquired Company
Avantus
New YorkEl Dorado HillsEnergyFinancial ServicesReal EstateFinanceReal Estate InvestmentVenture CapitalAngel InvestmentRenewables & EnvironmentEnergyRenewable EnergyDescription
Avantus, a premier U.S. developer of utility-scale solar and solar-plus-storage projects, has announced the completion of the acquisition of a majority equity interest in Avantus by investment funds and accounts managed by KKR. Avantus concurrently secured a $522 million development facility to fuel the company’s growth and execute on its development portfolio, expanding to more than 30 gigawatts of solar and 94 gigawatt hours of energy storage across the Western United States.
Quick answer
Kohlberg Kravis Roberts is acquiring Avantus for $522 million, announced July 30, 2024. Kohlberg Kravis Roberts is based in New York, New York, United States.
- How much did Kohlberg Kravis Roberts pay for Avantus?
- The reported deal value is $522 million.
- What does Kohlberg Kravis Roberts do?
- Kohlberg Kravis Roberts (KKR) is a leading global investment firm that manages multiple asset classes, including private equity, energy, infrastructure, real estate, and credit.
- Where are Kohlberg Kravis Roberts and Avantus based?
- Kohlberg Kravis Roberts is based in New York, New York, United States. Avantus is based in El Dorado Hills, California, United States.
- Who are the decision-makers at Kohlberg Kravis Roberts?
- Fundz holds 5 contacts at Kohlberg Kravis Roberts. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Kohlberg Kravis Roberts, and when
When Kohlberg Kravis Roberts changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Avantus?
Avantus was acquired by Kohlberg Kravis Roberts, based in New York. The deal was reported on July 31, 2024. Kohlberg Kravis Roberts (KKR) is a leading global investment firm that manages multiple asset classes, including private equity, energy, infrastructure, real estate, and credit. Kohlberg Kravis Roberts is publicly traded (KKR) and operates in Energy.
When did Kohlberg Kravis Roberts acquire Avantus?
Kohlberg Kravis Roberts's acquisition of Avantus was reported on July 31, 2024. Avantus, a premier U.S. developer of utility-scale solar and solar-plus-storage projects, has announced the completion of the acquisition of a majority equity interest in Avantus by investment funds and accounts managed by KKR. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Avantus do?
Avantus is a premier U.S. developer of utility-scale solar and solar-plus-storage projects. Avantus is shaping the future by making reliable, low-cost clean energy a global reality. It is privately held, operating in Energy, and is based in El Dorado Hills.
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