Deals
Investec Buys Stake in Berlin-Based Off Grid Solar Developer
- Company grew 80 percent year on year between 2015 and 2016
- Plans to close project finance structured debt by year end
This article is for subscribers only.
Investec Asset Management Ltd. bought a stake in Mobisol GmbH in the biggest yet round of equity financing for the off-grid solar industry.
About a third of the solar developer is now held in an Africa-focused private equity facility that belongs to Investec, which is based in Johannesburg, Mobisol Chief Executive Officer Thomas Gottschalk said by telephone. The value of the transaction was “well above $20 million,” he said without being more specific.