KKR Acquires Majority Stake in Avantus
July 30, 2024
KKR, through investment funds and accounts it manages, acquired a majority equity interest in Avantus, a U.S. utility-scale solar and solar-plus-storage developer. With closing, KKR also arranged a $522 million development facility to support Avantus’ growth and accelerate its ~30 GW solar and 94 GWh storage pipeline.
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Related Acquisitions
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Neuberger and KKR Invest in Datavant
September 15, 2026
Data & Analytics
Neuberger and KKR agreed to acquire a significant minority stake in Datavant, with New Mountain Capital retaining its control position. The investment is intended to support Datavant’s growth and strategic plans, including continued platform digitization.
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Partners Group Invests $1B+ and Acquires Majority Stake in AVK Power Solutions
August 14, 2026
Infrastructure
Partners Group has agreed to acquire a majority stake in AVK Power Solutions and initially invest more than $1 billion of equity to scale the company’s power infrastructure platform for European data centers and AI computing facilities. The deal includes supplemental debt financing, with AVK management retaining a minority ownership stake.
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KKR to Acquire Stake in Renewable Energy Firm SK Eternix
March 6, 2026
Renewable Energy
KKR will acquire an ownership stake in South Korea’s renewable energy firm SK Eternix in a climate/energy-focused investment. The deal is described as a purchase of a significant minority stake (reported as 43.5%) valued at KRW 348 billion (about $235 million).
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QinetiQ US to Acquire Avantus Federal from NewSpring Holdings
May 8, 2022
Cybersecurity
QinetiQ US, a wholly owned subsidiary of QinetiQ Group plc, entered into a definitive agreement to acquire Avantus Federal from NewSpring Holdings for an enterprise value of $590 million. The combined platform is intended to expand offerings for U.S. defense and intelligence customers across cyber, data analytics, and software development, with closing expected by the end of calendar year 2022 subject to regulatory approvals.
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KKR Makes Minority Investment in Sol Systems
July 22, 2021
Renewable Energy
KKR made a significant minority growth investment in Sol Systems to scale the renewable energy developer’s Impact + Infrastructure platform and fund the acquisition of shovel-ready solar and storage projects. The investment includes a strategic partnership in which KKR committed up to $1 billion to acquire ready-to-build projects and support Sol Systems’ development, asset management and community-focused renewable solutions.
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Key Capital Partners Invests £4.25m in Avantis Systems
September 9, 2020
Education
Key Capital Partners has taken a significant minority stake in Gloucester-based Avantis Systems via a £4.25m investment to accelerate international distribution and product development of its ClassVR educational virtual reality system. Founded in 2007, Avantis has deployed over 40,000 VR headsets across more than 3,000 schools and will use the new funding to expand overseas sales and continue product innovation.
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