M&A Deal Summary

Brookfield Private Equity Acquires Westinghouse Electric

On January 4, 2018, private equity firm Brookfield Private Equity acquired energy services and equipment company Westinghouse Electric from Toshiba for 4.6B USD

Acquisition Highlights
  • This is Brookfield Private Equity’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Brookfield Private Equity’s 3rd largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 8th transaction in the United States.
  • This is Brookfield Private Equity’s 1st transaction in Pennsylvania.
Investment Fate
  • Westinghouse Electric was sold to a publicly-traded strategic buyer in 2023.

M&A Deal Summary
Date 2018-01-04
Target Westinghouse Electric
Sector Energy Services and Equipment
Buyer(s) Brookfield Private Equity
Sellers(s) Toshiba
Deal Type Divestiture
Deal Value 4.6B USD

Target

Westinghouse Electric

Cranberry Township, Pennsylvania, United States
website
Westinghouse Electric is providing nuclear energy technologies, products and services to utilities around the world. Its mission is to focus on a much broader goal; using the power of intellect, collaboration and innovation to build on the legacy of our founder, and to create a cleaner, safer and sustainable carbon-free future for generations to follow. Westinghouse Electric was founded in 1884 and is based in Cranberry Township, Pennsylvania.

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Buyer(S) 1

Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 44.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.

DEAL STATS #
Overall 12 of 23
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 4 of 6
State (Pennsylvania) 1 of 1
Country (United States) 8 of 13
Year (2018) 1 of 3
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-28 TerraForm Global

Bethesda, Maryland, United States

TerraForm Global, Inc. is an owner and operator of clean energy power plants. TerraForm Global is based in Bethesda, Maryland.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Schoeller Allibert Group B.V.

Hoofddorp, Netherlands

Schoeller Allibert Group B.V. is one of Europe’s largest manufacturers of returnable plastic packaging systems. Schoeller Allibert has a product portfolio of over 1,000 types of returnable plastic crates and containers used by a diversified, global customer base across essential industry sectors, including agriculture, beverage, food processing and retail, industrial and automotive manufacturing and container pooling and rental companies.

Buy -

Seller(S) 1

SELLER

Toshiba

Tokyo, Japan

website

Category Company
Founded 1875
Sector Electronics
Employees116,224
Revenue 3,337.0B JPY (2022)
DESCRIPTION
Toshiba's corporate headquarters in Tokyo, Japan.
Toshiba's corporate headquarters in Tokyo, Japan.

Toshiba is a multinational engineering and electronics conglomerate. The Company manufactures and sells cellular phones, hard disc devices, optical disc devices, and televisions amongst other products. Toshiba was founded in 1875 and is based in Tokyo, Japan.

DEAL STATS #
Overall 5 of 6
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 5 of 6
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-28 KIOXIA

Tokyo, Japan

KIOXIA is a provider of non-volatile memory solutions. The products can be found embedded in smartphones, MP3 players, satellite navigation systems, digital still cameras and digital video recorders. KIOXIA also produces a wide range of digital media storage devices such as SDHCTM, SDXCTM, microSDTM, and FlashAirTM wireless memory cards and USB flash drives to meet the growing storage needs of electronic devices. KIOXIA is based in Tokyo, Japan.

Sell $18.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 Toshiba America LNG

Houston, Texas, United States

Toshiba America LNG Corp. exists to satisfy social needs of sustainability and energy demand by supplying LNG to customers and is responsible for coordinating and assembling the necessary infrastructure chain to produce U.S. LNG which can then be marketed by the broader Toshiba group to key focus geographies such as Latin America and the Caribbean.

Sell $15M
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