M&A Deal Summary |
|
|---|---|
| Date | 2005-10-03 |
| Target | Texas Genco Holdings |
| Sector | Utilities |
| Buyer(s) | NRG |
| Sellers(s) |
Hellman & Friedman
KKR The Blackstone Group TPG |
| Deal Type | Add-on Acquisition |
| Deal Value | 5.8B USD |
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NRG is a wholesale power generation company. NRG engages in the ownership, development, construction, and operation of power generation facilities; the transacting in and trading of fuel and transportation services; and the trading of energy, capacity and related products in the US and select international markets. NRG was formed in 1989 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 16 |
| Sector (Utilities) | 2 of 7 |
| Type (Add-on Acquisition) | 1 of 11 |
| State (Texas) | 1 of 7 |
| Country (United States) | 2 of 15 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-09-30 |
Landfill gas-to-energy power projects
United States Landfill Gas Collection System is now operational, producing electricity onto the provincial grid, using landfill gas as the fuel source. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-05-01 |
Reliant Energy Texas Retail
Houston, Texas, United States Reliant Energy Texas Retail LLC, retail business, creating a strong, reliable and competitive business for the benefit of Texas customers. |
Buy | $288M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 59 |
| Sector (Utilities) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 13 |
| State (Texas) | 1 of 4 |
| Country (United States) | 6 of 43 |
| Year (2005) | 1 of 2 |
| Size (of disclosed) | 2 of 19 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-28 |
GeoVera
Fairfield, California, United States GeoVera is a provider of specialty residential property insurance in markets that are underserved by other insurance carriers due to their exposure to certain perils, such as hurricanes or earthquakes. GeoVera offers specialty homeowners products primarily on a non-admitted, or excess and surplus line, basis in wind-exposed areas in the Southeast United States and Hawaii, and residential earthquake products primarily on an admitted basis in the Western United States. GeoVera was founded in 1993 and is based in Fairfield, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-25 |
Formula One World Championship
Knightsbridge, United Kingdom Formula One World Championship Ltd. is an organizer of racing championship, including the right to stage and promote the events, to sell broadcast footage (via Formula One Administration, and to offer sponsorship and hospitality packages (via APM and Allsport Management). |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 173 |
| Sector (Utilities) | 1 of 4 |
| Type (Add-on Acquisition) | 3 of 61 |
| State (Texas) | 3 of 9 |
| Country (United States) | 13 of 81 |
| Year (2005) | 4 of 4 |
| Size (of disclosed) | 7 of 38 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-17 |
Rockwood Holdings
Princeton, New Jersey, United States Rockwood Holdings, Inc. is a provider of specialty chemicals, pigments, additives and advanced materials to specialized manufacturing and technology companies throughout the world. The company is a global producer for many of its products including lithium compounds and chemicals, surface treatment chemicals, TiO2 pigments for synthetic fibers and ceramic hip joints. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-01 |
TDC Group
Copenhagen, Denmark TDC Group is a provider of communications and entertainment solutions. TDC Group has become two companies, each with its own core areas, which work towards a digital future, TDC NET delivers the best mobile network and the fastest fixed-line connections – and represents Denmark’s digital future with a roll-out of fiber and 5G. Nuuday is the leading service provider of digital services within TV, broadband, network, and telephony for private customers and businesses and consists of nine-strong brands. |
Buy | $15.8B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 170 |
| Sector (Utilities) | 1 of 2 |
| Type (Add-on Acquisition) | 9 of 66 |
| State (Texas) | 4 of 17 |
| Country (United States) | 18 of 102 |
| Year (2005) | 6 of 8 |
| Size (of disclosed) | 8 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-09-15 |
HealthMarkets
North Richland Hills, Texas, United States HealthMarkets is an independent field marketing organization (“FMO”) for health insurance and supplemental products. HealthMarkets was founded in 1983 and is based in North Richland Hills, Texas. |
Buy | $1.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-05 |
Sithe Global Power
New York, New York, United States Sithe Global Power is an international development company engaged in the development, construction, acquisition and operation of electric generation facilities in attractive markets around the world. |
Buy | $3.1B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 245 |
| Sector (Utilities) | 1 of 5 |
| Type (Add-on Acquisition) | 7 of 89 |
| State (Texas) | 4 of 24 |
| Country (United States) | 19 of 182 |
| Year (2005) | 4 of 8 |
| Size (of disclosed) | 9 of 71 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-01 |
Eutelsat Communications
Issy-les-Moulineaux, France Eutelsat Communications is a satellite operator. Eutelsat provides transponder capacity for video broadcasters, European Direct-to-Home (DTH) operators, European governments, and the US government, as well as for corporate data networks and other voice and data providers. Eutelsat Communications was founded in 1977 and is based in Issy-les-Moulineaux, France. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-12 |
Aerie
Durham, North Carolina, United States Aerie is a pharmaceutical company focused on the discovery, development, and commercialization of first-in-class ophthalmic therapies for the treatment of patients with eye diseases and conditions including open-angle glaucoma, dry eye, and diabetic macular edema (DME) and wet age-related macular degeneration (wet AMD). Aerie was founded in 2005 and is based in Durham, North Carolina. |
Buy | - |
