References
We commit our people, ideas and efforts to our clients.
Explore the clients who haven gotten ahead with Apricum
We are proud of the successful fundraises, M&A deals and other transactions in the cleantech space that we have guided to success – with over 250 completed projects and counting. Our deep financial expertise, extensive high-level network, tailored and innovative approach, real-time insights and independent advice has made a broad range of transactions possible.
recent corporate transactions
Upside Energy Limited
Sale of majority
GBP not disclosed
Investor: Octopus Energy Group (UK)
2020
Meyer Burger
Rights offering and private placement
CHF 165M
Strategic advisor
2020
eternal sun
Sale of Majority
EUR not disclosed
Investor: ABN AMRO ETF
2019
Nomadd
Series B Fundraise
USD not disclosed
Investor: CEPCO (Saudi Arabia)
2018
Greencells
Strategic Investment
EUR not disclosed
Investor: Zahid Group (Saudi Arabia)
2018
Al-Babtain Power & Telecom and haizea wind group
Joint Venture
Wind tower manufacturing
2018
Al-Babtain Power & Telecom and Metalogalva
Joint Venture
PV mounting structure manufacturing
2017
Irolli and Risen
Joint Venture
PV module manufacturing
2017
Convergent Energy & Power
Strategic Investment
USD not disclosed
Investor: Statoil Energy Ventures
2016
German ASEAN Power
Sale of 50%
EUR not disclosed
Investor: Habdank (Germany)
2016
Sol Voltaics
Series C Fundraise
USD 17M (total)
Investor: Riyadh Valley Company (Saudi Arabia)
2016
Eos Energy Storage
Series C Fundraise
USD 23M (total)
Investor: OCI (Korea)
2015
recent project transactions
Voltalia
STEG Renewable Energy Tender
500 MW Tunisia
Financial Advisor to Bidder
2019
Greencells Group
Pekan LSS2 IPP
30 MWac Malaysia
Financial Advisor
2019 (ongoing)
Kawar Energy
Electrical Storage System Project
30 MW/60 MWh Jordan
Advisor
2018
(Undisclosed)
Ibri II Solar IPP
500 MWac Oman
Financial Advisor
2018
JGC, Trina Solar, Taqnia, AlJomaih
Sakaka Solar IPP
300 MWac Saudi Arabia
Financial Advisor
2017
Convergent Energy & Power
Energy Storage Project Finance
12 MW storage portfolio Canada
Commercial Advisor
2016
(Undisclosed)
Al Jouf and Rafha Solar SEC IPP
100 MWp Saudi Arabia
Commercial Advisor
2016
Jinko Solar
Sheikh Maktoum Solar Park DEWA IPP Phase 3
800 MWp UAE
Commercial Advisor
2016
Dallah Albaraka
Jordan Direct Proposal Solar IPP Program Round 2
50 MWp Jordan
Commercial Advisor
2016
Dallah Albaraka
Sheikh Maktoum Solar Park DEWA IPP Phase 2
100 MWp UAE
Commercial Advisor
2014
We work with a variety of organizations across many markets: Holdings and multi-national companies, midsize companies, technology start-ups, investment firms, academic and research centers and government agencies – and focus on their diverse and individual needs.
Read what our clients say about us
“In-depth stationary storage expertise… a pleasure to work with. Apricum supported us in several strategy projects as well as with a comprehensive analysis of cost structures for our stationary battery storage business. Their in-depth stationary storage expertise in this sector is impressive as is their superior professionalism and reliability – simply a pleasure to work with.“
“We thank Apricum for making this transaction happen. Their access to decision makers among investors worldwide, deep understanding of the solar industry, their execution expertise and high commitment from beginning to end were crucial to successfully closing the deal.”
“Apricum’s deep understanding of solar technology and markets, as well as their truly global network of relevant investors impressed us greatly. Their professionalism and expert input into our strategy and business model were instrumental for the successful conclusion of this fundraising round.”
“Overall extremely impressed by Apricum. As an ex-McKinsey person, I think Apricum brings every bit of the management consulting toolbox into the project, on top of an industry depth in the day-to-day team that is truly impressive and rare in the consulting world.”
“We deliberately chose Apricum as a boutique consulting firm on a recent due diligence project in the photovoltaic industry. The team demonstrated the highest level of competence down from the minute technical details of photovoltaic production processes up to an excellent understanding of the industry dynamics and the key strategic implications – a versatility that you find rarely among consultants. From day one, they brought their comprehensive sector knowledge to the table. Their reports were very focused without limitations on necessary detail. They served the objective of our engagement very well.”
“We are already active in the renewable energy sector and are considering extending our activities into solar and wind. Apricum identified key solar and wind markets for which they provided a thorough and insightful analysis including potential business opportunities for us. We were impressed with their detailed level of knowledge of the selected solar and wind markets, particularly in regard to current developments and the opportunities arising from them. They exhibited a high degree of professionalism and left us in no doubt of their credentials as renewable energy experts.”
“Apricum’s advisory service has proved highly effective in assisting the development of our corporate strategy. They have an excellent understanding of the renewable energy industry and did a great job of finding the right partners for Al-Babtain. Working with Apricum not only helped to confirm our strategic direction, but also enabled our team to build relationships with key members of the renewable energy industry.”
“Apricum played a crucial role in the final close of our successful series C equity raise by bringing in a key strategic investor, which diversifies our investor base. Apricum’s team is world class and their network of global relationships to decision makers of major strategic companies is very impressive and made all the difference.”
“Apricum has done a great job shaping our electric vehicle strategy. The team has demonstrated profound expertise regarding the EV value chain and market dynamics. Moreover, they have been able to combine visionary thinking with recommendations for short-term execution.“
“We were impressed by the combination of analytical skills and industry knowledge. They were key to enabling us to make a decision.”
“Apricum’s technical competence in photovoltaics is excellent – very profound indeed. They identify trends at a very early stage, allowing the client to take the right choices and come up with correct approaches to participate in this highly dynamic market. Good to work with.”
A selection of our clients
Client case studies
Transaction advisory: Investor search
Greencells
About the client
Greencells is one of the largest European solution providers of solar photovoltaic (PV) power plants. Apricum led a comprehensive structured transaction process to support Greencells’ growth ambitions, resulting with the strategic investment from OMAS, a wholly-owned subsidiary of The Zahid Group in return for a 50% stake in Greencells. Continue reading
Transaction advisory: Joint venture
Al-Babtain Power & Telecom
About the client
Al-Babtain Power & Telecom (ABPT) is a Saudi-Arabia based holding with activities in a number of industrial sectors such as telecommunication, construction and energy. ABPT decided to enter the PV tracker business as a component manufacturer, with a view to gaining substantial traction in Saudi Arabia and the broader MENA region by supplying locally manufactured steel components. Continue reading
Transaction advisory: Bid support
DEWA Phase III 800 MW
About the project
Apricum advised its client, a consortium consisting of a European utility and Chinese solar IPP, in the bid preparation for DEWA’s 800 MW Phase III solar PV IPP tender.
Transaction advisory: Investor search
Eos Energy Storage
About the client
Eos is an American energy storage company with a leading cost position for grid-scale battery systems based on an innovative zinc hybrid cathode-based technology. After two rounds of financing, additional funds to support scale-up and delivery of MW-scale product were needed. Continue reading
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