SYNOPSIS (MARCH-2021)

Alexa Capital acted as exclusive financial advisor to MaxSolar on its sale to Nature Infrastructure Capital and Greenvolt. MaxSolar is a leading solar engineering services group with development, EPC and operations supporting their 3.2 GW pipeline of commercial rooftop and ground mount PV. MaxSolar is also active in energy storage systems as well as charging solutions, where it operates under the brand "esolution by maxsolar".
Nature Infrastructure Capital is a global private equity firm investing across the energy transition sectors, including renewables and distributed generation platforms as well as energy storage.

ALEXA CAPITAL’S ROLE

Alexa Capital managed and executed the M&A process on behalf of Maxsolar’s shareholders, leveraging a strategic approach which had not fully valued the business. Alexa Capital prepared Maxsolar for M&A, and targeted a mix of strategic and institutional investors with capabilities to support the company’s future growth plan and better grasp the renewable development opportunity in the DACH region. Alexa Capital successfully positioned Maxsolar’s fundamentals including position in the German solar high growth market, articulating the sizeable opportunity, and advised on all elements of market engagement including deal structuring and negotiation. The transaction highlights the value of Alexa Capital’s renewable infrastructure expertise, its abilities to articulate investment fundamentals and deliver an optimal outcome for shareholders.

MARKET IMPLICATIONS

This acquisition will accelerate MaxSolar growth. MaxSolar’s CEO was quoted “We believe the business is in an extremely strong position to continue to grow and help decarbonize energy generation in Germany. Today in particular, it is crucial to have local, independent and 100% renewable energy production. Our specialists are working every day to achieve this goal.” Germany remains one of the world's most important markets for renewable energy, both for installed capacity (c. 60 GW of solar installed capacity in 2021) and the renewable ecosystem, including technology, suppliers, producers, and consumers. In addition, a supportive policy framework aims to increase installed solar capacity to 300 GW by 2030, creating significant tailwinds for the market. Battery storage solutions will play an increasingly important role in the journey towards net-zero for the country.