M&A Deal Summary

Brookfield Private Equity and GIC Private Acquires Genesee & Wyoming

On July 1, 2019, private equity firm Brookfield Private Equity and sovereign wealth fund GIC Private acquired transportation company Genesee & Wyoming for 8.4B USD

Acquisition Highlights
  • This is Brookfield Private Equity’s 1st and GIC Private’s 1st transaction in the Transportation sector.
  • This is Brookfield Private Equity’s 2nd and GIC Private’s 4th largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 10th and GIC Private’s 8th transaction in the United States.
  • This is Brookfield Private Equity’s 1st and GIC Private’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2019-07-01
Target Genesee & Wyoming
Sector Transportation
Buyer(s) Brookfield Private Equity
GIC Private
Deal Type Going Private
Deal Value 8.4B USD
Advisor(s) Bank of America Merrill Lynch (BofA Securities)
Morgan Stanley (Financial)
Simpson Thacher & Bartlett LLP
Addleshaw Goddard LLP
Allens
Clark Hill PLC
Macfarlanes LLP
Stikeman Elliott LLP (Legal)

Target

Genesee & Wyoming

Darien, Connecticut, United States
website
Genesee & Wyoming, Inc. owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.

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Buyer(S) 2

Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
PE ASSETS 44.0B CAD
SizeMega
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 16 of 20
Sector (Transportation) 1 of 1
Type (Going Private) 4 of 5
State (Connecticut) 1 of 1
Country (United States) 10 of 11
Year (2019) 2 of 3
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Vodafone New Zealand

Auckland,, New Zealand

Vodafone New Zealand Limited provides telecommunication services and also offers mobile, broadband, and TV services. The quality and availability of its networks have a direct bearing on New Zealand's competitiveness and future growth prospects.

Buy NZ$3.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Wireless Infrastructure Group

Bellshill, United Kingdom

Wireless Infrastructure Group Ltd. is a telecoms infrastructure company involved in the ownership and management of mobile cell sites in the UK and Europe. WIG acquires, manages and operates wireless cell sites (rooftop or greenfield masts or towers) for wireless service providers. Wireless Infrastructure Group Ltd. was established in 1995 and is based in Bellshill, United Kingdom.

Buy £575M
Buyer

GIC Private

Investor Investor Investor Investor Investor

website


Category Sovereign Wealth Fund
Founded 1981
SizeMega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 27 of 37
Sector (Transportation) 1 of 2
Type (Going Private) 3 of 4
State (Connecticut) 1 of 1
Country (United States) 8 of 13
Year (2019) 4 of 7
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 WaterBridge Resources

Houston, Texas, United States

WaterBridge Resources LLC develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of its blue-chip customer base under long-term, fee-based contracts. WaterBridge benefits from a first-mover advantage in the emerging midstream water sector with one of the most experienced management teams in the industry.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-10 Kellas Midstream

Aberdeen, United Kingdom

Kellas Midstream Ltd. is a midstream infrastructure business in the UK which transports gas from the Central and Southern North Sea areas to the UK, where it is then processed on behalf of major North Sea gas producers. Kellas Midstream is based in Aberdeen, United Kingdom.

Buy -