M&A Deal Summary

J.P. Morgan Private Equity Group Acquires El Paso Electric

On June 3, 2019, private equity firm J.P. Morgan Private Equity Group acquired utilities company El Paso Electric Co. for 4.3B USD

Acquisition Highlights
  • This is J.P. Morgan Private Equity Group’s 1st transaction in the Utilities sector.
  • This is J.P. Morgan Private Equity Group’s 1st largest (disclosed) transaction.
  • This is J.P. Morgan Private Equity Group’s 1st transaction in the United States.
  • This is J.P. Morgan Private Equity Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-06-03
Target El Paso Electric Co.
Sector Utilities
Buyer(s) J.P. Morgan Private Equity Group
Deal Type Add-on Acquisition
Deal Value 4.3B USD
Advisor(s) Lazard Ltd. (Financial)
Baker Botts LLP (Legal)

Target

El Paso Electric Co.

El Paso, Texas, United States
website
El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 395,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico. El Paso Electric was founded in 1901 and is based in El Paso, Texas.

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Buyer(S) 1

Buyer

J.P. Morgan Private Equity Group

website


Category Private Equity Firm
SizeMega
Type Sector Agnostic
DESCRIPTION

J.P. Morgan Investment Management Inc. is the private equity and alternative investments group within JP Morgan Chase bank. The Unit was established in 1984 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Campbell Global LLC

Portland, Oregon, United States

Campbell Global is an investment manager focused on timberland. Based in Portland, Oregon, Campbell Global has over three decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations, and other institutional investors since inception. Campbell Global combines ingenuity, data-supported decision making and a passion for responsible investing that delivers the best possible performance for each client and the Australia-based OneFortyOne business enterprise.

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