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TRANSACTION OVERVIEW

  • On July 6, 2015, Mohamed Abdulrahman Al-Bahar (“Al-Bahar”) made an equity investment in Fluidic Energy
  • Al-Bahar invested alongside Caterpillar, among other investors, in Series D equity

AL-BAHAR OVERVIEW

  • Founded in 1937, Al-Bahar is a leading business house in the Arabian Gulf with a mission to become the number one provider of customer value in construction equipment, energy and transportation
  • Al-Bahar is the exclusive Caterpillar dealer in Bahrain, Kuwait, Oman, Qatar and UAE, and distributes products for a wide range of applications, including electric power generation
  • Al-Bahar employs over 2,800 people

FLUIDIC OVERVIEW

  • Founded in 2006, Fluidic developed and commercialized a high-cycle life rechargeable zinc-air battery
  • Fluidic primarily develops systems for telecom applications
  • Fluidic has installed systems at over 600 locations, comprising more than 35,000 batteries
  • Fluidic is based in Scottsdale, AZ and has operations in the U.S., South East Asia and Latin America
  • The investment will allow Fluidic to leverage its business model advantages to serve new markets such as microgrids and to scale up distribution channels

GCA’S ROLE

  • GCA was the exclusive financial advisor to Al-Bahar
  • GCA was closely involved in all aspects of the transaction, including structuring, valuation, due diligence and negotiation
  • Leveraging our in-depth knowledge of the energy storage market, GCA helped Al-Bahar evaluate Fluidic’s market, technology and business model

WHAT THE TRANSACTION MEANS FOR THE ENERGY STORAGE SECTOR

  • The transaction shows the growing interest for energy storage solutions as economics become attractive across a broad array of applications thanks to rapid system cost declines
  • Specifically, the transaction signals a shift toward increasing commercial viability of microgrids as energy storage technologies continue to mature and facilitate the integration of renewable energy sources