M&A Deal Summary

CDP Equity Acquires Ansaldo Energia Group

On October 4, 2013, private equity firm CDP Equity acquired energy services and equipment company Ansaldo Energia Group from First Reserve and Leonardo for 774M EUR

Acquisition Highlights
  • This is CDP Equity’s 1st transaction in the Energy Services and Equipment sector.
  • This is CDP Equity’s largest (disclosed) transaction.
  • This is CDP Equity’s 3rd transaction in Italy.

M&A Deal Summary
Date 2013-10-04
Target Ansaldo Energia Group
Sector Energy Services and Equipment
Buyer(s) CDP Equity
Sellers(s) First Reserve
Leonardo
Deal Type Secondary Buyout
Deal Value 774M EUR

Target

Ansaldo Energia Group

Genova, Italy
website
Ansaldo Energia Group is an international player in the power generation industry, to which it brings an integrated model embracing turnkey power plants construction, power equipment (gas & steam turbines, generators, and microturbines), manufacturing and services, and nuclear activities.​ Ansaldo Energia is active as a full-service provider with a broad portfolio of heavy-duty gas turbines offering complete maintenance solutions on power generation rotating equipment and plants, built both by itself or by other OEMs. Ansaldo Energia Group was founded in 1853 and is based in Genova, Italy.

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Buyer(S) 1

Buyer

CDP Equity

Milan, Italy

website

Category Private Equity Firm
Founded 2011
PE ASSETS 3.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CDP Equity is an Italian holding company and investment firm focused on acquiring stakes in large Italian companies. Sectors of interest include defense, food, insurance, communications, energy, infrastructure, public services, security, transportation, and leisure. CDP Equity is based in Milan.

DEAL STATS #
Overall 3 of 14
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Italy) 3 of 12
Year (2013) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-25 Kedrion

Lucca, Italy

Kedrion is engaged in the development, manufacture, and distribution of a broad range of protein products derived from human plasma. Kedrion was founded in 2001 and is based in Lucca, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 Valvitalia

Rivanazzano, Italy

Valvitalia SpA is a manufacturer of flow control components (shut-off valves, security and control, actuators, fittings, flanges, and complete systems) for the Oil & Gas, electricity generation, desalination, and shipbuilding sectors.

Buy -

Seller(S) 2

SELLER

First Reserve

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 38 of 54
Sector (Energy Services and Equipment) 15 of 19
Type (Secondary Buyout) 3 of 6
Country (Italy) 1 of 1
Year (2013) 5 of 6
Size (of disclosed) 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Utilities Services Associates

Richmond, Virginia, United States

USA is a turnkey provider of critical outsourced services (maintenance, rebuilds, upgrades and new construction) for power transmission, distribution and substation infrastructure in the Mid-Atlantic and Eastern U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 TNT Crane & Rigging

Houston, Texas, United States

TNT Crane & Rigging is a mobile crane rental company serving the Louisiana and Oklahoma region. TNT provides crane rental and rigging services primarily to the refinery, oil & gas, petrochemical, power and commercial end markets. The Company owns one of the largest and most diverse mobile crane fleets in the region, with cranes ranging in size from 15-tons to 800-tons. TNT Crane & Rigging was founded in 1985 and is based in Houston, Texas.

Buy -
SELLER

Leonardo

Rome, Italy

website

Category Company
Founded 1948
Sector Aerospace
Employees48,587
Revenue 14.7B EUR (2022)
DESCRIPTION

Leonardo is the first Italian industrial group , leader in the field of high technologies and ranks among the top ten in the world in the aerospace, defense and security. Leonardo was founded in 1948 and is based in Rome, Italy.

DEAL STATS #
Overall 1 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Italy) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-09 Ansaldo Energia Group

Genova, Italy

Ansaldo Energia Group is an international player in the power generation industry, to which it brings an integrated model embracing turnkey power plants construction, power equipment (gas & steam turbines, generators, and microturbines), manufacturing and services, and nuclear activities.​ Ansaldo Energia is active as a full-service provider with a broad portfolio of heavy-duty gas turbines offering complete maintenance solutions on power generation rotating equipment and plants, built both by itself or by other OEMs. Ansaldo Energia Group was founded in 1853 and is based in Genova, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 AnsaldoBreda

Napoli, Italy

AnsaldoBreda S.p.A. is a provider of rail vehicles, with consolidated capabilities in Mass Transit and Very High Speed Trains.

Sell -
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