Divestiture • Financial Services

Big Apple Energy Acquires Vantage Commodities Financial Services

On May 3, 2016, Big Apple Energy acquired financial services company Vantage Commodities Financial Services from EDF Trading North America and VMAC

Acquisition Context
  • This is Big Apple Energy’s 1st transaction in the Financial Services sector.
  • This is Big Apple Energy’s 1st transaction in the United States.
  • This is Big Apple Energy’s 1st transaction in New York.

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M&A Deal Summary

Date May 3, 2016
Target Vantage Commodities Financial Services
Sector Financial Services
Buyer(s) Big Apple Energy
Sellers(s) EDF Trading North America
VMAC
Deal Type Divestiture

Target Company

Vantage Commodities Financial Services

New York, New York, United States
Vantage Commodities Financial Services LLC is a provider of capital efficient and scalable trade credit solutions to the energy sector. Its primary products are asset-backed credit facilities related to the purchase of energy commodities.
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Buyer Overview 1

Buyer

Big Apple Energy

Bayside, New York, United States

Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Big Apple Energy LLC is a provider of financial services to natural gas and power markets.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

Seller Profiles 2

SELLER

EDF Trading North America

Houston, Texas, United States

Category Company
Founded 2003
Sector Utilities
DESCRIPTION

EDF Trading North America, LLC offers natural gas transportation, loading, and storage services.


Deal Context for Seller #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Vantage Commodities Financial Services

New York, New York, United States

Vantage Commodities Financial Services LLC is a provider of capital efficient and scalable trade credit solutions to the energy sector. Its primary products are asset-backed credit facilities related to the purchase of energy commodities.

Buy -
SELLER

VMAC

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

VMAC LLC is a provider of credit intermediation services for the North American power and gas markets.


Deal Context for Seller #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Vantage Commodities Financial Services

New York, New York, United States

Vantage Commodities Financial Services LLC is a provider of capital efficient and scalable trade credit solutions to the energy sector. Its primary products are asset-backed credit facilities related to the purchase of energy commodities.

Buy -