Hübner Schlösser & Cie Advised First Solar
Hübner Schlösser & Cie Advised First Solar
First Solar Sells Skytron to Private Equity Firm Liberta Partners
About Skytron
About SkytronSkytron Energy GmbH is headquartered in Berlin and employs 60 people. Skytron is a global provider of measurement and monitoring technology for large-scale photovoltaic power plants (>5MWp). Skytron’s integrated solutions include monitoring software (brand name PV Guard) and key hardware components such as combiner boxes, data loggers, and plant control units.
Its products are sold to project developers, investors, EPC companies, and O&M service providers. In 2015, Skytron was the largest independent provider of electronic measurement and monitoring solutions. The company generated revenues of EUR 9 million, and Skytron products were installed in photovoltaic systems worldwide, supporting a total installed capacity of 7.6 GWp.
About First Solar
First Solar is headquartered in Tempe, Arizona, and is listed on NASDAQ. The company has developed, financed, and built many of the world’s largest grid-connected PV power plants and is a leading manufacturer of photovoltaic solar systems using its proprietary thin-film semiconductor technology modules.
About Liberta Partners
Liberta Partners is a Munich-based private equity firm. Funded by several family offices, Liberta Partners focuses its investment activities on small and medium-sized carve-outs and restructuring situations.
The Transaction
Hübner Schlösser & Cie was mandated by First Solar as exclusive M&A advisor. HSCie identified potential buyers, managed communication between the parties, advised on due diligence, and led negotiations in a complex auction process.
Despite the challenging auction environment, HSCie successfully completed the transaction from mandate to closing in less than 10 weeks.