M&A Deal Summary

Brookfield Private Equity Acquires TerraForm Global

On December 28, 2017, private equity firm Brookfield Private Equity acquired renewable energy company TerraForm Global for 750M USD

Acquisition Highlights
  • This is Brookfield Private Equity’s 2nd transaction in the Renewable Energy sector.
  • This is Brookfield Private Equity’s 10th largest (disclosed) transaction.
  • This is Brookfield Private Equity’s 7th transaction in the United States.
  • This is Brookfield Private Equity’s 2nd transaction in Maryland.

M&A Deal Summary

Date 2017-12-28
Target TerraForm Global
Sector Renewable Energy
Buyer(s) Brookfield Private Equity
Deal Type Going Private
Deal Value 750M USD

Target

TerraForm Global

Bethesda, Maryland, United States
TerraForm Global, Inc. is an owner and operator of clean energy power plants. TerraForm Global is based in Bethesda, Maryland.

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Buyer(S) 1

DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


DEAL STATS #
Overall 11 of 24
Sector (Renewable Energy) 2 of 2
Type (Going Private) 3 of 6
State (Maryland) 2 of 2
Country (United States) 7 of 13
Year (2017) 4 of 4
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Convene

New York City, New York, United States

Convene is a developer and operator of urban day conference centers. Convene provides an ideal outsourced model for meetings, conferences, board sessions, investor presentations, corporate gatherings and training needs. Its suite of services includes meeting and collaboration space rental along with staffing, audiovisual, catering and conference planning support. Convene was founded in 2009 and is based in New York City.

Buy $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Westinghouse Electric

Cranberry Township, Pennsylvania, United States

Westinghouse Electric is providing nuclear energy technologies, products and services to utilities around the world. Its mission is to focus on a much broader goal; using the power of intellect, collaboration and innovation to build on the legacy of our founder, and to create a cleaner, safer and sustainable carbon-free future for generations to follow. Westinghouse Electric was founded in 1884 and is based in Cranberry Township, Pennsylvania.

Buy $4.6B