M&A Deal Summary

MidAmerican Energy Holdings Acquires NV Energy

On May 29, 2013, MidAmerican Energy Holdings acquired energy services and equipment company NV Energy for 5.6B USD

Acquisition Highlights
  • This is MidAmerican Energy Holdings’ 1st transaction in the Energy Services and Equipment sector.
  • This is MidAmerican Energy Holdings’ largest (disclosed) transaction.
  • This is MidAmerican Energy Holdings’ 1st transaction in the United States.
  • This is MidAmerican Energy Holdings’ 1st transaction in Nevada.

M&A Deal Summary

Date 2013-05-29
Target NV Energy
Sector Energy Services and Equipment
Buyer(s) MidAmerican Energy Holdings
Deal Type Add-on Acquisition
Deal Value 5.6B USD
Advisor(s) Lazard Ltd. (Financial)
Sidley
Woodburn & Wedge
Hogan Lovells (Legal)

Target

NV Energy

Las Vegas, Nevada, United States
website
NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and nearly 40 million tourists annually.

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Buyer(S) 1

Buyer

MidAmerican Energy Holdings

Des Moines, Iowa, United States

website


Category Company
Founded 1971
Sector Renewable Energy
Employees9,800
DESCRIPTION

MidAmerican Energy Holdings Company provides electric service to 2.2 million customers and natural gas service to 1.2 million customers worldwide. The Company manages and owns interests in approximately 8,300 net megawatts of diversified power generation facilities in operation, construction and development.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1