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Flex and Nextracker have entered into a separation agreement to formally separate into two businesses.
February 3, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Flex announced that it has entered into an agreement to sell $500 million of convertible preferred equity in Nextracker to TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise. Through this strategic partnership and investment from TPG Rise Climate, Nextracker will contin-ue to expand its market leading position in solar tracking and software solutions. TPG’s experience and extensive network in renewable energy provide Nextracker a stro...
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