( February 6, 2025, 15:52 GMT | Official Statement) -- MLex Summary: TPG, a global alternative asset management firm based in San Francisco and New York, will acquire Stamford, Connecticut-based Altus Power, the largest owner of commercial-scale solar in the US, in an all-cash transaction value at $2.2 billion including debt, according to a release. The deal is expected to close in the second quarter of 2025. Altus Power will then delist from the New York Stock Exchange and become a privately-held company. Statement follows below:...
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