D. E. Shaw Renewable Investments (DESRI) — significant minority stake in 10+ GW solar, wind, and storage platform across 24 states
Macquarie acquires significant minority stake in DESRI. Platform has 6+ GW in operation/construction, 4 GW contracted pre-construction, 25+ GW development pipeline. Investment via MGIF, MGECO, and METI funds. One of the largest renewable M&A deals of 2024.
$1.73B
Deal Value
10,000MW
Capacity
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- D. E. Shaw group
- Buyer / Financier
- Macquarie Asset Management
- Deal Value
- $1.725B
- Stage
- Mixed (Operating + Construction + Development)
- ISO/RTO
- Multiple
- Source
- Macquarie Group
Capital Structure
$1.73B
Total transaction value
Tranches
- Equity (minority stake) · Macquarie Asset Management (via MGIF, MGECO and METI funds)
- $1.73B
Service Providers
Advisory & Legal
- Seller Financial Advisor
- Goldman Sachs
- Seller Counsel
- Skadden, Arps, Slate, Meagher & Flom
- Buyer Financial Advisor
- Lazard
- Buyer Counsel
- King & Spalding
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