Funding and M&A Roundup Solar Developer Amarenco Raises $321 Million

Trilantic Europe, a European private equity firm, has announced the acquisition of a 60% stake in AEROCOMPACT Group, a provider of solar mounting solutions for photovoltaic modules. The deal, which is subject to approval by the relevant authorities, will enable AEROCOMPACT to accelerate its international expansion.

AEROCOMPACT, was founded by Mathias Muther was founded in 2014 in Schlins, Vorarlberg, Austria. The company has a global presence with subsidiaries in Austria, Germany, the US, India, and Bulgaria. After the acquisition, Muther will retain a 40% stake in the company through his private foundation.

“Our strong growth trajectory since the company was founded around ten years ago shows that there is enormous potential in our products and engineering services. The entry of Trilantic Europe opens up the opportunity to accelerate our growth plan to expand our international market presence and seek potential acquisitions even further. Thanks to the international reach of our new shareholder Trilantic Europe, both in the renewable energy sector and in the capital market, we can pursue this goal with full vigor. We are very pleased about this extremely positive milestone for our company,” said Mathias Muther.

AEROCOMPACT was supported by the investment bank William Blair and the Austrian corporate finance boutique Turnkey Finance from Bregenz, while Lazard advised Trilantic Europe.

“We have been impressed by the quality of AEROCOMPACT’s solar mounting solutions, the growth momentum shown across all its current markets, and the enthusiasm and vision of the entire team. Through our partnership with AEROCOMPACT, we are confident we can accelerate growth even further and create a truly international champion in the solar mounting space, while also delivering on our investment sustainability commitments”, commented Vittorio Pignatti-Morano, Chairman of Trilantic Europe.

According to Mercom’s recently released Annual and Q4 2023 Solar Funding and M&A report, M&A activity declined 25% YoY with 96 corporate M&A transactions in 2023 compared to 128 in 2022.

DIF Capital, an independent infrastructure equity fund manager, has acquired a 50% stake in the ground-mounted solar solutions provider Novar from ib vogt for an undisclosed amount.