Silver Point Leads $650 Million Financing for Stryten Energy to Acquire C&D Trojan
Silver Point Capital has led a $650 million term loan financing supporting the acquisition of C&D Technologies, Inc. and Trojan Battery Company (collectively known as C&D Trojan) by Stryten Energy LLC. The deal was announced on October 1, 2026, with Silver Point leading the syndication to both existing and new lenders. The combined entity is expected to become a major battery manufacturing platform serving transportation, industrial, essential power, critical infrastructure, and military applications. It will operate across 18 facilities in the United States, Mexico, and China. Stryten Energy has been backed by Atlas Holdings, while C&D Trojan was previously owned by KPS Capital Partners. Silver Point's involvement marks a continuation of its partnership with Stryten since providing $400 million in financing in 2024. The acquisition is expected to enhance the combined company’s ability to serve customers across critical markets and expand its energy storage portfolio.
Topics: acquisition battery manufacturing energy storage financing