M&A Deal Summary

Riverstone Holdings Acquires Pattern Energy Group

On June 1, 2009, private equity firm Riverstone Holdings acquired renewable energy company Pattern Energy Group

Acquisition Highlights
  • This is Riverstone Holdings’ 10th transaction in the Renewable Energy sector.
  • This is Riverstone Holdings’ 45th transaction in the United States.
  • This is Riverstone Holdings’ 4th transaction in California.
Investment Fate
  • Pattern Energy Group went public in 2013.
  • Pattern Energy Group was sold to a financial buyer in 2019 for 6.1B USD.

M&A Deal Summary
Date 2009-06-01
Target Pattern Energy Group
Sector Renewable Energy
Buyer(s) Riverstone Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Pattern Energy Group

San Francisco, California, United States
Pattern Energy Group LP owns and operates renewable energy facilities. Pattern Energy business is built around three core values of creative energy and spirit, the pride of ownership and follow-through, and a team-first attitude, which guide us in creating a safe, high-integrity work environment, applying rigorous analysis to all aspects of business, and proactively working with our stakeholders to address environmental and community concerns.

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Buyer(S) 1

Buyer

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 57 of 106
Sector (Renewable Energy) 10 of 15
Type (Buyout (LBO, MBO, MBI)) 29 of 52
State (California) 4 of 5
Country (United States) 45 of 78
Year (2009) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Legend Natural Gas IV

Katy, Texas, United States

Legend Natural Gas IV is a North American natural gas focused acquisition, development and exploitation company comprised of all the key managers from "Legend I", "Legend II", and "Legend III" and deploying the same strategy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 TAS Energy

Houston, Texas, United States

TAS Energy, Inc. is a manufacturer of packaged cooling and energy systems for multiple end-markets, including Power Generation, Commercial & Industrial Cooling, Advanced Heat Recovery (including Geothermal), and Data Centers.

Sell -
Mergr

Product

Company

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