Explore All 235 Divestiture Utilities Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | February 27, 2018 |
| Target | Hunterstown Power |
| Sector | Utilities |
| Buyer(s) | Platinum Equity |
| Sellers(s) | GenOn |
| Deal Type | Divestiture |
| Deal Value | 520M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.
| Deal Context for Buyer | # |
|---|---|
| Overall | 90 of 157 |
| Sector: Utilities | 1 of 1 |
| Type: Divestiture | 45 of 60 |
| State: Pennsylvania | 7 of 9 |
| Country: United States | 73 of 122 |
| Year: 2018 | 3 of 10 |
| Size (of disclosed) | 21 of 32 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-15 |
Awaze
Lowestoft, United Kingdom Awaze is a provider of holiday parks and vacation rentals in Europe. The Company operates under the brands of Cottages.com, Hoseasons, James Villas, Novasol and Landal. Awaze is based in Lowestoft, United Kingdom. |
Buy | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-16 |
LifeScan
Malvern, Pennsylvania, United States LifeScan is a provider of blood glucose monitoring products and solutions for the treatment of diabetes. The company develops, markets, and sells blood glucose monitoring systems for home and hospital use under the global brand OneTouch. The OneTouch portfolio includes personal blood glucose meters, testing strips, lancets, point of care testing systems and integrated digital solutions. LifeScan was founded in 1981 and is based in Malvern, Pennsylvania. |
Buy | $2.1B |
| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Energy Services and Equipment |
| Employees | 2,255 |
GenOn is a provider of generators wholesale electricity in the United States. With power generation facilities located in key regions of the country and a generation portfolio of approximately 24,600 megawatts, GenOn is helping meet the nation’s electricity needs. GenOn was founded in 1982 and is based in Houston, Texas.
| Deal Context for Seller | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| State: Pennsylvania | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2018 | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
