Investment Summary

John Hancock Financial Services Invests In Duke Energy Renewables

On April 24, 2019, John Hancock Financial Services invested in renewable energy company Duke Energy Renewables from Duke Energy

Investment Highlights
  • This is John Hancock Financial Services’ 1st transaction in the Renewable Energy sector.
  • This is John Hancock Financial Services’ 4th transaction in the United States.
  • This is John Hancock Financial Services’ 1st transaction in Kansas.

Investment Summary

Date 2019-04-24
Target Duke Energy Renewables
Sector Renewable Energy
Investor(s) John Hancock Financial Services
Sellers(s) Duke Energy
Deal Type Stake Purchase

Target

Duke Energy Renewables

Kansas, United States
Duke Energy Renewables LLC is a provider renewable energy services.

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Investor(S) 1

Investor

John Hancock Financial Services

Boston, Massachusetts, United States

website


Category Company
Founded 1862
Sector Financial Services
DESCRIPTION

John Hancock Financial Services, Inc. is a financial services provider offering investment solutions, advisory services, insurance programs, and retirement planning.


DEAL STATS #
Overall 4 of 4
Sector (Renewable Energy) 1 of 1
Type (Stake Purchase) 1 of 1
State (Kansas) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 Guide Financial

San Francisco, California, United States

Guide Financial, Inc. is a software company that enables financial advisors and institutions to help clients build assets and manage their full financial lives - utilizing artificial intelligence, behavioral finance, and seamless advisor integration.

Buy -

Seller(S) 1

SELLER

Duke Energy

Charlotte, North Carolina, United States

website


Category Company
Founded 1904
Sector Energy Services and Equipment
Employees27,859
Revenue 28.8B USD (2022)
DESCRIPTION

Duke Energy is an electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 9 of 9
Sector (Renewable Energy) 2 of 2
Type (Stake Purchase) 1 of 1
State (Kansas) 1 of 1
Country (United States) 7 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-29 Duke Energy - Brazil International Business

Charlotte, North Carolina, United States

Duke Energy Corp. - International Business includes energy assets in Brazil.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 8minute Solar Energy - 200-MW Holstein Solar Project

San Francisco, California, United States

8minute Solar Energy - 200-MW Holstein Solar Project located in Nolan County, Texas. The 200-MW project will contain over 709,000 solar panels across approximately 1,300 acres in Wingate, Texas. Construction began in the summer of 2019 and is expected to be complete in the summer of 2020. The Holstein solar project will power the equivalent of 40,000 homes.

Buy -