M&A Deal Summary

Baseload Clean Energy Partners Acquires Bottle Rock Power

On November 20, 2015, Baseload Clean Energy Partners acquired utilities company Bottle Rock Power from Riverstone Holdings and The Carlyle Group

Acquisition Highlights
  • This is Baseload Clean Energy Partners’ 1st transaction in the Utilities sector.
  • This is Baseload Clean Energy Partners’ 1st transaction in the United States.
  • This is Baseload Clean Energy Partners’ 1st transaction in California.

M&A Deal Summary

Date 2015-11-20
Target Bottle Rock Power
Sector Utilities
Buyer(s) Baseload Clean Energy Partners
Sellers(s) Riverstone Holdings
The Carlyle Group
Deal Type Add-on Acquisition

Target

Bottle Rock Power

Cobb, California, United States
Bottle Rock Power LLC asset is a 55 megawatt geothermal power station. The facility sells 100% of its power to Pacific Gas & Electric under a long-term power purchase agreement. Bottle Rock Power was formed in 1999 and is based in Cobb, California.

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Buyer(S) 1

Buyer

Baseload Clean Energy Partners

United States

Category Company
Sector Renewable Energy
DESCRIPTION

Baseload Clean Energy Partners LLC is a provider of renewable energy services.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 2

SELLER

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 42 of 61
Sector: Utilities M&A 1 of 2
Type: Add-on Acquisition M&A Deals 22 of 32
State: California M&A 4 of 4
Country: United States M&A 33 of 45
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Bridger Logistics

Addison, Texas, United States

Bridger Logistics LLC is a provider of integrated crude oil midstream services. It operates an integrated portfolio of crude-focused midstream assets that generate fee-based income by providing crude oil transportation and logistics services on behalf of oil and gas producers, marketers and end-users of crude oil.

Sell $838M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-30 Rover Petroleum

Dallas, Texas, United States

Rover Petroleum is an oil and gas company. Rover Petroleum is based in Dallas, Texas.

Buy -
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 286 of 488
Sector: Utilities M&A 2 of 2
Type: Add-on Acquisition M&A Deals 125 of 202
State: California M&A 23 of 37
Country: United States M&A 174 of 261
Year: 2015 M&A 19 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-14 Primatics Financial

McLean, Virginia, United States

Primatics Financial LLC is a software company. It provides integrated solutions for complex business problems in the financial services industry.

Sell $122M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Eastern Broadcasting

Taipei, Taiwan

Eastern Broadcasting Company provides media information and entertainment services. It operates in North America, Central and South America, Southeast Asia, New Zealand, Australia, and Europe.

Sell -