M&A Deal Summary |
|
|---|---|
| Date | 2018-01-30 |
| Target | Refinitiv |
| Sector | Information Services |
| Buyer(s) |
The Blackstone Group
CPP Investments |
| Sellers(s) | Thomson Reuters |
| Deal Type | Divestiture |
| Deal Value | 20.0B USD |
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| 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 | 234 of 319 |
| Sector (Information Services) | 2 of 4 |
| Type (Divestiture) | 24 of 32 |
| State (New York) | 17 of 21 |
| Country (United States) | 143 of 201 |
| Year (2018) | 1 of 12 |
| Size (of disclosed) | 4 of 167 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-24 |
Gates Industrial
Denver, Colorado, United States Gates Industrial is a manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Gates Industrial was founded in 1911 and is based in Denver, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-01 |
Clarion Events
London, United Kingdom Clarion is an event organizer, producing and delivering innovative and market-leading events since 1947. In more recent times the firm has grown into a truly international business, with a portfolio of events and media brands across a range of vertical markets. |
Sell | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 47 |
| Sector (Information Services) | 1 of 2 |
| Type (Divestiture) | 6 of 8 |
| State (New York) | 1 of 1 |
| Country (United States) | 14 of 25 |
| Year (2018) | 1 of 4 |
| Size (of disclosed) | 1 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-18 |
Calpine
Houston, Texas, United States Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Company fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses Calpine Energy Solutions and Champion Energy, Company serve customers in 25 states, Canada and Mexico. Calpine clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Company are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid. |
Buy | $5.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-02 |
NextEra Energy Partners - Canadian Renewable Portfolio
Juno Beach, Florida, United States NextEra Energy Partners LP - Canadian Renewable Portfolio includes the sale of six fully contracted wind and solar assets, with an average contract life of approximately 16 years and 10-year average CAFD of $38.4 million USD. Located in Ontario, the portfolio has a combined total generating capacity of approximately 396 megawatts (MW) and consists of: Bluewater, a 59.9-MW wind generating facility, ; Conestogo, a 22.9-MW wind generating facility, Jericho, a 149-MW wind generating facility, Summerhaven, a 124.4-MW wind generating facility, Moore, a 20-MW solar energy generating facility and Sombra, a 20-MW solar energy generating facility. |
Buy | $689M |
| Category | Company |
|---|---|
| Founded | 1851 |
| Sector | Information Services |
| Employees | 24,000 |
| Revenue | 6.6B USD (2022) |
Thomson Reuters is an information source for businesses and professionals. Thomson Reuters delivers information to decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs people and operates in over 100 countries. Thomson Reuters was originally founded in 1851 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 32 |
| Sector (Information Services) | 7 of 9 |
| Type (Divestiture) | 24 of 30 |
| State (New York) | 5 of 6 |
| Country (United States) | 17 of 21 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-06 |
Clarient Global
New York, New York, United States Clarient Entity Hub acts as a central hub for investment managers, hedge funds, and corporations to upload, securely store, maintain and permission use of legal entity level information, documentation and ownership information. It integrates technology and operational expertise to provide increased controls, standardization, data quality and transparency during client on-boarding and ongoing client lifecycle activities. Clarient was established in response to the industry’s call to reduce operational complexity and to address regulatory requirements including Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure Regulation (EMIR), and Dodd-Frank requirements. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-23 |
Integration Point
Charlotte, North Carolina, United States Integration Point, Inc. offers a comprehensive suite of global trade management software products encompassing almost all industries, geographies and trade programs. Integration Point is based in Charlotte, North Carolina. |
Buy | - |
