Valta Energy

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Valta Energy
Longroad Energy
Our Role Exclusive Financial Advisor

Summary

KeyBanc Capital Markets served as the Exclusive Financial Advisor to Valta Energy (Valta or the Company) on a strategic investment from Longroad Energy (Longroad). The transaction closed in May 2022.The initial equity investment from Longroad will provide growth capital to Valta's robust development pipeline and enable rapid expansion of the Company’s in-house development capabilities and acquisition of late-stage assets. Valta will also benefit from leveraging Longroad’s financial and procurement skills and relationships. The transaction structure provides Longroad with an option to invest further equity capital in the Company within the next three years. 

Valta Energy is a Dana Point, CA-based developer, owner, and operator of distributed generation projects. Valta was founded in 2009 and has established a successful business with nationwide presence without any external funding. Valta has over 200 MW of contracted solar assets in development, construction, or operations primarily in California, Massachusetts, and Hawaii.

Founded in 2016, Longroad’s focus is renewable energy project development, operating assets, and services.  Today, they own 1.6 GW of wind and solar projects across the United States in addition to operating and managing a total of 3.5 GW of wind and solar projects on behalf of Longroad and third parties.  Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad Energy Partners, LLC.

Recent Deals

July 2022

 

$280 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

Debt Capital Markets

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July 2022

Lofts on Main

$14.3 Million

Adaptive Reuse and New Construction

Construction

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June 2022

 

$126.9 Million

Educational Facilities Revenue Bonds

Sole Manager

Debt Capital Markets

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June 2022

has been acquired by

 

$30 Million

Asset-Based Revolving Credit Facility

Administrative Agent
Sole Lender

Debt Capital Markets

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June 2022


Series D Funding

led by

Morgan Stanley Expansion Capital

$140 Million

Exclusive Financial Advisor

Mergers & Acquisitions

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June 2022

Darby Crossing

$74 Million

Construction and Private Placement Loan

Construction
Private Placement

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June 2022

the parent company of

AEP Transmission Company, LLC

$550 Million

Senior Notes

Joint Bookrunner

Debt Capital Markets

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May 2022

has received a strategic investment from

 

Exclusive Financial Advisor

Mergers & Acquisitions

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May 2022

 

a portfolio company of

has been acquired by

 

Exclusive Sell-Side Advisor

Mergers & Acquisitions

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May 2022

 

Tiburon Place

$53 Million

4% bond LIHTC and State Housing Equity

Construction

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May 2022

 

$500 Million

Senior Secured Credit Facility

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

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May 2022

 

Cheshire Station

 

$17.6 Million

Acquisition

Lender

CMBS

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May 2022

ACG Portfolio-Oakland Glen MHC

ACG Portfolio-Clayton Acres MHC

$59.5 Million

Refinance

Lender

Fannie Mae

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May 2022

 

Stonetown - North Pines

Stonetown - Country Meadows

$82 Million

Acquisition

Lender

Fannie Mae

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May 2022

Sawgrass Point

$28.5 Million

Refinance

Lender

Fannie Mae

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May 2022

 

Floorplan Inventory Financing and Commercial Real Estate Lending

Lender

Mergers & Acquisitions

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May 2022

a portfolio company of

has acquired

 

$545 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Bookrunner
Left Lead Arranger

Debt Capital Markets

congruex-group-llc
May 2022

 

$2.55 Billion

Senior Secured Credit Facilities

Co-Documentation Agent
Joint Lead Arranger

Debt Capital Markets

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May 2022

 

$95 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Lead Arranger
Sole Bookrunner

Debt Capital Markets

doyon-limited

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