This week’s deal of the week once again features one of the largest PE companies in the world as the main investor. It was announced that Blackstone will acquire for about USD 2 billion Vivint, which started out as a home-security and management business in 1999 but last year expanded into one of the fastest growing areas in the photovoltaic market, solar-power leasing, according to Bloomberg.
Vivint is currently owned by its founder and several private equity funds. The company’s annual revenues are about USD 30 million, without the new solar business. More details about the investment case will likely be reported in the coming weeks. We will cover it as more is revealed. (Image source: Vivintsolar.com)