M&A Deal Summary

Ares Private Equity Group Acquires BP Wind Energy North America - Three Texas Wind Farms

On December 21, 2018, private equity firm Ares Private Equity Group acquired renewable energy company BP Wind Energy North America - Three Texas Wind Farms from BP Wind Energy North America

Acquisition Highlights
  • This is Ares Private Equity Group’s 3rd transaction in the Renewable Energy sector.
  • This is Ares Private Equity Group’s 63rd transaction in the United States.
  • This is Ares Private Equity Group’s 8th transaction in Texas.

M&A Deal Summary
Date 2018-12-21
Target BP Wind Energy North America - Three Texas Wind Farms
Sector Renewable Energy
Buyer(s) Ares Private Equity Group
Sellers(s) BP Wind Energy North America
Deal Type Divestiture

Target

BP Wind Energy North America - Three Texas Wind Farms

Houston, Texas, United States
BP Wind Energy North America, Inc. - Three Texas Wind Farms includes two wind facilities located in the ERCOT West region – Sherbino Mesa 2 (145 MW) and Trinity Hills (225 MW) – and one wind facility located in the ERCOT North region – Silver Star (60 MW).

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 73 of 98
Sector (Renewable Energy) 3 of 4
Type (Divestiture) 6 of 6
State (Texas) 8 of 9
Country (United States) 63 of 82
Year (2018) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Simmons

Atlanta, Georgia, United States

Simmons is the second-largest bedding manufacturer in the United States and a world leader in pocketed coil spring technology. Simmons mattresses are distributed under renowned brand names such as Beautyrest and BackCare.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Jacuzzi

Chino, California, United States

Jacuzzi is a global manufacturer of premium spas, swim spas, whirlpool, soaker and walk-in bathtubs and related bathroom products and accessories. The Company believes that ‘when we feel good, we live a better life.’ The Company operates under multiple brands, including Jacuzzi, Sundance, Dimension One Spas, Hydropool, ThermoSpas, and BathWraps. The Company’s flagship brand, Jacuzzi, is the most recognized in the world for spa and hydrotherapy bathing. Jacuzzi was founded in 1956 and is based in Chino, California.

Sell -

Seller(S) 1

SELLER

BP Wind Energy North America

Houston, Texas, United States
Category Company
Founded 2007
Sector Renewable Energy
DESCRIPTION

BP Wind Energy North America, Inc. is a operator of wind energy power plants and projects.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 St. Lawrence Windpower

Cape Vincent, New York, United States

St. Lawrence Windpower LLC is a producer of wind power.

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