M&A Deal Summary

Blue Energy Acquires RidgeWind

On February 1, 2013, Blue Energy acquired renewable energy company RidgeWind from HgCapital for 250M GBP

Acquisition Highlights
  • This is Blue Energy’s 1st transaction in the Renewable Energy sector.
  • This is Blue Energy’s 0th largest (disclosed) transaction.
  • This is Blue Energy’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2013-02-01
Target RidgeWind
Sector Renewable Energy
Buyer(s) Blue Energy
Sellers(s) HgCapital
Deal Type Add-on Acquisition
Deal Value 250M GBP

Target

RidgeWind

Chipping Norton, Oxon, United Kingdom
RidgeWind is a UK-based renewable energy development company formed in 2003 to develop rural wind energy projects in the UK. Collectively, its team has over 60 years of rural land management experience and over 60 years of energy development experience.

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Buyer(S) 1

Buyer

Blue Energy

Cheshire, United Kingdom
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Blue Energy is one of the UK’s leading investors and developers of renewable energy infrastructure, with a commitment to long-term investment in the sector.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 32 of 93
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 14 of 45
Country (United Kingdom) 19 of 47
Year (2013) 1 of 5
Size (of disclosed) 13 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-04 Valueworks

Wigan, United Kingdom

Valueworks provides a private B2B electronic marketplace through which c. 300 buyers (principally social housing organisations), procure goods and services, primarily relating to social housing planned repair and maintenance. Valueworks was founded in 2000 and is based in Wigan, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-08 Computer Software Holdings

Knutsford, Cheshire, United Kingdom

CSH provides application software to a number of UK niche vertical markets.

Sell £110M
Mergr

Product

Company

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