M&A Deal Summary |
|
|---|---|
| Date | 2022-03-27 |
| Target | National Grid - Gas Transmission & Metering Business |
| Sector | Energy Services and Equipment |
| Buyer(s) |
BCI
Macquarie Capital |
| Sellers(s) | National Grid |
| Deal Type | Divestiture |
| Deal Value | 9.6B GBP |
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British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 32 |
| Sector: Energy Services and Equipment M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 2 of 2 |
| Country: United Kingdom M&A | 5 of 5 |
| Year: 2022 M&A | 4 of 6 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-15 |
Veracode
Burlington, Massachusetts, United States Veracode develops products to help secure web, mobile and third-party applications across the software development lifecycle. Veracode's complete set of offerings help customers reduce the risk of data breaches, increase the speed of secure software delivery, meet compliance requirements, and cost effectively secure their software assets- whether that’s software they make, buy or sell. Veracode was founded in 2005 and is based in Burlington, Massachusetts. |
Buy | $2.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-09 |
HLS
Hong Kong, China HLS is a global non-vessel-operating common carrier (“NVOCC”) providing freight forwarding services. HLS was founded in 1997 and is based in Hong Kong, China. |
Buy | - |
Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 33 |
| Sector: Energy Services and Equipment M&A | 5 of 6 |
| Type: Divestiture M&A Deals | 4 of 4 |
| Country: United Kingdom M&A | 7 of 7 |
| Year: 2022 M&A | 4 of 5 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-07 |
Reden Solar
Roquefort-sur-Soulzon, France Reden Solar is an independent producer of renewable energy of photovoltaic origin, which focuses on the development, construction, and operation of photovoltaic power plants in France and abroad. Reden Solar operates PV power generation plants in France, Southern Europe, and Latam. Reden Solar was founded in 2008 and is based in Roquefort-sur-Soulzon, France. |
Buy | €2.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-06 |
EP Carbon
Berkeley, California, United States EP Carbon is a technical consulting and development services for forest carbon offset projects throughout the United States and around the world. EP Carbon is based in Berkeley, California. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1990 |
| Sector | Energy Services and Equipment |
| Employees | 31,654 |
| Revenue | 18.4B GBP (2025) |
National Grid is an electricity and gas company that connects consumers to energy sources through its networks. National Grid was founded in 1990 and is based in London, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 8 |
| Sector: Energy Services and Equipment M&A | 2 of 3 |
| Type: Divestiture M&A Deals | 5 of 6 |
| Country: United Kingdom M&A | 3 of 4 |
| Year: 2022 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-22 |
National Grid - Rhode Island Utility
London, United Kingdom National Grid's Rhode Island Utility is a provider of Utilities services in London, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-08-14 |
Grain LNG
Kent, United Kingdom Grain LNG is a liquefied natural gas import, storage, and regasification terminal that receives LNG from ships (including QMax-class vessels), stores it in cryogenic tanks, then regasifies and processes it (including blending) to meet UK gas-network specifications. Grain LNG is based in Kent, United Kingdom. |
Sell | £1.5B |
