By David French
NEW YORK (Reuters) – Buyout agency TPG’s local weather funding arm is in talks to accumulate Altus Energy, a supplier of solar energy to business property homeowners and residential properties, individuals aware of the matter informed Reuters on Monday.
If the talks between TPG Rise Local weather and Altus are profitable, a deal may very well be signed within the coming weeks, the sources stated, requesting anonymity because the discussions are confidential.
The transaction is but to be finalized, the sources cautioned, including that one other suitor may additionally strategy Altus and it is potential that no take care of any occasion is reached.
Stamford, Connecticut-based Altus, which is among the largest homeowners of commercial-scale photo voltaic vegetation in america, had stated in October it was working with advisers to discover choices together with a possible sale.
Altus, which has a market worth of about $650 million, declined to remark. TPG additionally declined to remark.
