Chinese Consortium To Take Trina Solar Private by PitchBook
An investor group that includes current CEO Jifan Gao and Shanghai Xingjing Investment Management has agreed to acquire Trina Solar (NYSE: TSL) for $11.60 per share in cash, valuing the Chinese provider of solar energy at about $1.1 billion. The transaction is expected to close in the first quarter of 2017. It’s the second mega-deal in the solar space in as many days, following Tesla’s announced acquisition of SolarCity for $2.6 billion.
Alternative Energy Equipment
Changzhou, China
Legal Advisors
Skadden, Arps, Slate, Meagher & Flom
Select Investors
Shanghai Xingsheng Equity Investment & Management Co.
Shanghai Xingjing Investment Management
Financial Advisors
Industrial and Commercial Bank of China
