TPG acquires majority stake in Siemens Gamesa

2 Apr 2025Announcements

Cleary Gottlieb advises TPG in acquiring Siemens Gamesa's onshore wind turbine business in India and Sri Lanka

Cleary Gottlieb is advising TPG in its agreement with Siemens Gamesa, under which TPG will acquire a majority stake in Siemens Gamesa’s onshore wind turbine generator manufacturing business in India and Sri Lanka. The transaction remains subject to closing conditions and regulatory approvals, and financial details of the investment have not been disclosed.

TPG’s investment will be made through TPG Rise Climate, its dedicated climate investing platform, and the transaction marks the inaugural investment from its Global South Initiative. This private equity strategy, launched in partnership with ALTÉRRA, the world’s largest private investment vehicle for climate finance, aims to scale climate solutions across the Global South.

Siemens Energy, one of the world’s leading energy technology companies, collaborates with customers and partners to develop future energy systems and support the transition to a more sustainable world. Its portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers.

Cleary Gottlieb’s Private Equity team advising on the transaction is led by partner Michael Preston and includes associates James Soussa, Vladislav Miroshnichenko, Charlie Lord and Stuart Allan. Partner Gareth Kristensen and associates Prudence Buckland, Giulia de Bosio and Nadia Romano are advising on technology licensing matters. Senior attorney James Corsiglia is advising on FCPA and compliance matters, while associate Nathaniel Pribil is advising on tax matters.

Legal News desk contact: editorial@solicitorsjournal.com

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