Client Profile: Quanta TowerGen Private Limited (“TowerGen” or the “Company”) is a Renewable Energy Service Company (RESCO) providing hybrid power solutions, which incorporate and maximize the use of solar energy while minimizing the use of conventional fossil fuels such as diesel, for telecom tower companies in India. The Company has installed its solutions on over 450 telecom sites across Uttar Pradesh, Madhya Pradesh, Bihar and North Eastern states in India. TowerGen also provides logistics and on-site Operations and Maintenance (O&M) management solutions for these sites.
Transaction Snapshot: Ardom Telecom Private Limited, a leading telecom infrastructure company with presence across 17,000 sites in India, has acquired 100% equity stake in TowerGen. The transaction closed on 31 March, 2017.
Avista Advisory’s Role: Avista Advisory was mandated by the shareholders of as the exclusive sell side advisor for strategic sale of TowerGen Avista was involved from start to Closing including buyer outreach, structuring and negotiating the deal on behalf of TowerGen.