M&A Deal Summary

Blackstone Credit Acquires Rijnmond Power Plant

On April 22, 2016, lender Blackstone Credit acquired energy services and equipment company Rijnmond Power Plant

Acquisition Highlights
  • This is Blackstone Credit’s 1st transaction in the Energy Services and Equipment sector.
  • This is Blackstone Credit’s 1st transaction in the Netherlands.
Investment Fate
  • Rijnmond Power Plant was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2016-04-22
Target Rijnmond Power Plant
Sector Energy Services and Equipment
Buyer(s) Blackstone Credit
Deal Type Special Situations/Distressed

Target

Rijnmond Power Plant

Vondelingenplaat, Netherlands
Rijnmond Power Plant is a natural gas-fired combined cycle power generation facility. Rijnmond Power Plant is based in Vondelingenplaat, Netherlands.

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Buyer(S) 1

Buyer
DESCRIPTION

Blackstone Credit is the lending arm of alternative asset management firm The Blackstone Group. Blackstone Credit looks to provide a variety of capital needs, including loans, high yield and investment grade bonds, structured credit, mezzanine lending, and opportunistic financings. The Blackstone Group acquired lender GSO Capital Partners in 2008 which formed the foundation for Blackstone Credit. Blackstone Credit is based in New York, New York.


DEAL STATS #
Overall 6 of 14
Sector: Energy Services and Equipment M&A 1 of 2
Type: Special Situations/Distressed M&A Deals 1 of 2
Country: Netherlands M&A 1 of 1
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 XLN Telecom

London, United Kingdom

XLN Telecom is a communications company based in London. It supplies fixed line and broadband services to 70,000 customers in the SME sector and is one of Britain’s fastest growing alternative telecoms service providers.

Buy £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Fairway Group Holdings

New York, New York, United States

Fairway Group Holdings Corp. is a specialty grocery concept that currently operates six full-service retail food stores in the New York metropolitan area. Fairway offers its customers an extensive mix of the freshest produce—both conventional and organic—prepared foods, and quality specialty grocery items, such as exotic cheeses, smoked fish and private label olive oils, along with conventional grocery items, all at reasonable prices and with high quality service.

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