ReNew: Masdar-Led Consortium Bids to Take Company Private
Deal News | Jul 04, 2025 | Zawya
A consortium led by Masdar, a subsidiary of the Abu Dhabi Investment Authority, has submitted a final non-binding offer to acquire India's ReNew Energy Global, aiming to take the Nasdaq-listed company private. This consortium includes Platinum Hawk, the Canada Pension Plan Investment Board, and Sumant Sinha—ReNew's Founder and CEO. The offer proposes to purchase all outstanding shares at $8.00 per share, representing a 13.2% increase over their previous offer. With this deal, ReNew could be valued at $3.19 billion, a notable premium over its prior valuation. ReNew Energy is the second-largest clean energy generator in India, managing 10.3 gigawatts of renewable projects. The offer is under consideration by ReNew's board, with Rothschild & Co advising and Linklaters LLP providing legal counsel.
Sectors
- Renewable Energy
- Investment Management
- Financial Advisory
Geography
- India – Because ReNew Energy operates and is based in India, managing significant renewable projects.
- United Arab Emirates – Home of Masdar, the lead company in the consortium making the bid.
- Canada – Included because of the involvement of the Canada Pension Plan Investment Board in the consortium.
Industry
- Renewable Energy – The article primarily discusses ReNew Energy, a major player in renewable energy generation in India.
- Investment Management – Involvement of Abu Dhabi Investment Authority, Canada Pension Plan Investment Board, and other investors highlights this sector.
- Financial Advisory – Rothschild & Co and Linklaters LLP's roles as advisors illustrate the financial advisory sector.
Financials
- $3.19 billion – The potential valuation of the offer to acquire ReNew Energy.
- $8.00 per share – The share price offered by the consortium for ReNew Energy.
- 26.2% – The premium over the undisturbed share price offered for ReNew Energy.
- 13.2% – Increase over the prior offer per share.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ReNew Energy Global | Target | Company | India's second-largest clean energy company, operating significant solar and wind projects. |
| Masdar | Bidder | Company | Lead company in the consortium, a subsidiary of the Abu Dhabi Investment Authority. |
| Abu Dhabi Investment Authority (ADIA) | Bidder | Company | Institutional investor backing the consortium. |
| Canada Pension Plan Investment Board (CPP) | Bidder | Company | Part of the consortium bidding for ReNew. |
| Sumant Sinha | Bidder | Person | Founder, Chairman and CEO of ReNew, involved in the consortium bid. |
| Rothschild & Co | Financial Advisor | Company | Appointed as independent financial advisor for the offer. |
| Linklaters LLP | Legal Advisor | Company | Independent legal counsel for the offer. |
| Goldman Sachs | Other | Company | An early investor in ReNew before it went public. |