Sydneysiders are bracing for more heavy rain and grey skies but buyout firm Adamentem has its sights on sunnier times, striking a deal to take a majority stake in solar-focused embedded network developer Microgrid Power.
Adamentem will sink $24 million into Microgrid Power via its environmental opportunities fund (EOF), coming in alongside the founders and other rolling shareholders on the capital table. Commonwealth Bank has also plugged in a $30 million flexible debt package to support expansion.
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