Investment Summary

Ares Private Equity Group Invests In Birdsboro Power

On February 28, 2017, private equity firm Ares Private Equity Group invested in renewable energy company Birdsboro Power

Investment Highlights
  • This is Ares Private Equity Group’s 1st transaction in the Renewable Energy sector.
  • This is Ares Private Equity Group’s 53rd transaction in the United States.
  • This is Ares Private Equity Group’s 3rd transaction in Pennsylvania.

Investment Summary
Date 2017-02-28
Target Birdsboro Power
Sector Renewable Energy
Investor(s) Ares Private Equity Group
Deal Type Growth Capital

Target

Birdsboro Power

Berks County, Pennsylvania, United States
Birdsboro Power, a brownfield 488-MW natural gas-fired combined-cycle generation facility located in Berks County, Pennsylvania. The project will feature the GE 7HA.02 gas turbine and a GE steam turbine, and will remediate and redevelop a site that was once home to a manufacturing facility. Birdsboro has retained Kiewit as the engineering, procurement and construction contractor, and it is expected that the project will create hundreds of jobs during construction and approximately 20 jobs on-site after completion.

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Investor(S) 1

Investor

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 62 of 98
Sector (Renewable Energy) 1 of 4
Type (Growth Capital) 8 of 15
State (Pennsylvania) 3 of 3
Country (United States) 53 of 82
Year (2017) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-17 RSK Group

Helsby, United Kingdom

RSK Group offers environmental impact assessments, clean-up operations, and geotechnical analysis on major infrastructure projects in the UK and worldwide. RSK Group was founded in 1989 and is based in Helsby, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 Sotera Defense Solutions

Herndon, Virginia, United States

Sotera Defense Solutions, Inc. is a provider of technology-based systems, solutions, and services for national security agencies and programs of the U.S.

Sell $235M
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