Recently, a piece of online news has exploded in the market. Blackstone Group,
a world-renowned investment group , is considering acquiring Guruiwatt , a giant in the inverter industry, at a valuation of about $ 1 billion! Founded in Shenzhen in 2011
, Guruiwatt is one of the earliest optical storage enterprises in China. At the beginning of its establishment, the company aimed at the field of photovoltaic inverters and chose to enter the field of energy storage in 2015. But from the start, Guruiwatt set its sights on overseas markets. Although it has only been established for 12 years, Guruiwatt's achievements in the field of inverters can not be underestimated.
According to the data, Guruiwatt quickly became the largest exporter of inverters in China one and a half years after its establishment, which was once called "industry miracle". So far, Guruiwatt has become the world's first supplier of household inverters and the world's largest supplier of user-side energy storage inverters; It is also the first batch of companies in the world to realize the integrated commercial application of "light, storage and charging".
According to the market ranking of global PV inverter shipments in 2022 published by S & P Global, a global authoritative research Institute, Guruiwatt ranks fourth after Sunshine Power, Huawei and Jinlang Technology.
These dazzling achievements make people mistakenly think that this "young and promising" enterprise will always shine. But Guruiwatt's road to listing is "dark" and there is no hope.
It is reported that in June 2013, Guruiwatt completed the share reform, but due to financial disputes among former shareholders and other reasons, it was delayed again and again. Until November 2017, Guruiwatt finally submitted the registration data of listing guidance to Shenzhen Securities Regulatory Bureau. But four years later, in September 2021, it announced the termination of counseling on the grounds of " strategic adjustment of the company". Two years after
abandoning the A-share listing, Guruiwatt chose to go to Hong Kong for listing in March 2023 and submit the form to the Hong Kong Stock Exchange. It passed the listing hearing of the Hong Kong Stock Exchange on May 14. But on May 29, the Hong Kong Economic Daily reported that Guruiwatt would postpone its listing plan, this time on the grounds that the market environment was challenging. However, according to the Hong Kong stock listing process, under normal circumstances, Guruiwatt should be listed in June this year at the latest. However, as of the date of publication, the matter has not been followed up .
It is reported that in mid-May this year, Guruiwatt made a pre-roadshow, originally scheduled for a week, the financing scale was reduced from an expected $1 billion to 300-400 million yuan, a direct reduction of more than half. Perhaps this is why Guruiwatt chose to postpone the IPO. The road of
domestic listing is so difficult that it may be more ideal to change the way.
"Selling oneself" may be Guruiwatt's most helpless and best choice, not to mention the buyer or Blackstone Group.
Blackstone Group, as a world-renowned investment institution, has an asset management scale of up to $1 trillion. In July this year, it became the first company in the world to break trillion dollars in asset management.
The investment company is also ambitious in the field of new energy. "Achieving global carbon reduction targets will require an average of $4.5 trillion in capital expenditure and investment annually between now and 2050," it says on its website. We believe the capital we invest can help energy industry leaders facilitate the energy transition. Moreover, its managing director, Jurgen Pink, has said that Blackstone will invest $100 billion in renewable energy over the next 10 years.
If the acquisition is successful, it will be regarded as taking what they need. However, according to people familiar with the matter, the two companies have held talks, but the final success of the acquisition is uncertain.
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