M&A Deal Summary |
|
|---|---|
| Date | 2022-03-27 |
| Target | National Grid - Gas Transmission & Metering Business |
| Sector | Energy Services and Equipment |
| Buyer(s) |
British Columbia Investment Management
Macquarie Capital |
| Sellers(s) | National Grid |
| Deal Type | Divestiture |
| Deal Value | 9.6B GBP |
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| Category | Asset Manager |
|---|---|
| Founded | 1999 |
| PE ASSETS | 21.9B CAD |
| Size | Mega |
| Type | Sector Agnostic |
British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 18 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United Kingdom) | 5 of 5 |
| Year (2022) | 2 of 3 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-07 |
Reden Solar
Roquefort-sur-Soulzon, France Reden Solar is an independent producer of renewable energy of photovoltaic origin, which focuses on the development, construction, and operation of photovoltaic power plants in France and abroad. Reden Solar operates PV power generation plants in France, Southern Europe, and Latam. Reden Solar was founded in 2008 and is based in Roquefort-sur-Soulzon, France. |
Buy | €2.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-20 |
Authority Brands
Columbia, Maryland, United States Authority Brands is a parent company of two home service franchisors, The Cleaning Authority and Homewatch CareGivers. Together, these brands provide recurring home services through more than 300 franchise locations in the U.S., Canada, and Latin America. Authority Brands was formed in 2017 and is based in Columbia, Maryland. |
Buy | - |
Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 27 |
| Sector (Energy Services and Equipment) | 3 of 4 |
| Type (Divestiture) | 3 of 3 |
| Country (United Kingdom) | 7 of 7 |
| Year (2022) | 4 of 4 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-07 |
Reden Solar
Roquefort-sur-Soulzon, France Reden Solar is an independent producer of renewable energy of photovoltaic origin, which focuses on the development, construction, and operation of photovoltaic power plants in France and abroad. Reden Solar operates PV power generation plants in France, Southern Europe, and Latam. Reden Solar was founded in 2008 and is based in Roquefort-sur-Soulzon, France. |
Buy | €2.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-12 |
Ceres
Brentwood, Tennessee, United States Ceres is a terminal owner and operator provide customers with reliable high-quality cargo handling services through terminal operations 24/7. Ceres was founded in 1958 and is based in Brentwood, Tennessee. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1990 |
| Sector | Energy Services and Equipment |
| Employees | 29,292 |
| Revenue | 18.3B GBP (2022) |
National Grid is an electricity and gas company that connects consumers to energy sources through its networks. To create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. National Grid was founded in 1990 and is based in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Divestiture) | 5 of 5 |
| Country (United Kingdom) | 3 of 3 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-22 |
National Grid - Rhode Island Utility
London, United Kingdom National Grid's Rhode Island Utility is a provider of Utilities services in London, United Kingdom. |
Sell | - |
