M&A Deal Summary

KKR and Brookfield Renewable Partners Acquire X-Elio

On July 21, 2015, private equity firm KKR and Brookfield Renewable Partners acquired renewable energy company X-Elio from Gestamp Renewables for 1.0B USD

Acquisition Highlights
  • This is KKR’s 3rd and Brookfield Renewable Partners’ 14th transaction in the Renewable Energy sector.
  • This is KKR’s 74th and Brookfield Renewable Partners’ largest (disclosed) transaction.
  • This is KKR’s 8th and Brookfield Renewable Partners’ 1st transaction in Spain.

M&A Deal Summary

Date 2015-07-21
Target X-Elio
Sector Renewable Energy
Buyer(s) KKR
Brookfield Renewable Partners
Sellers(s) Gestamp Renewables
Deal Type Divestiture
Deal Value 1.0B USD

Target

X-Elio

Madrid, Spain
X-ELIO is a global company specializing in the development, design, construction, maintenance, and operation of photovoltaic plants. X-Elio was founded in 2005 and is based in Madrid, Spain.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 183 of 483
Sector (Renewable Energy) 3 of 12
Type (Divestiture) 24 of 53
Country (Spain) 8 of 16
Year (2015) 18 of 29
Size (of disclosed) 74 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Deutsche Glasfaser

Borken, Germany

Deutsche Glasfaser is a provider of fiber-optic internet connectivity for private households and business customers in rural Germany. Deutsche Glasfaser was founded in 2011 and is based in Borken, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 Darktrace

Cambridge, United Kingdom

Darktrace is a provider of cyber defense software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network. Darktrace's approach allows enterprises to protect their information and intellectual property from state sponsored, criminal groups or malicious employees whom are already inside the networks of every critical infrastructure company. Darktrace combines decades of government cyber threat expertise with world-leading University of Cambridge mathematicians, and software engineers who have experience deploying the largest, most sensitive software. Darktrace was incorporated in 2013 and is based in Cambridge, the United Kingdom.

Buy -
Buyer

Brookfield Renewable Partners

Toronto, Ontario, Canada

Category Company
Founded 1999
Sector Renewable Energy
Employees4,770
Revenue 5.0B USD (2023)
DESCRIPTION

Brookfield Renewable Energy Partners pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,700 megawatts of installed capacity. Brookfield Renewable Energy Partners was incorporated in 1999 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 14 of 17
Sector (Renewable Energy) 14 of 16
Type (Divestiture) 7 of 8
Country (Spain) 1 of 1
Year (2015) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 Energisa 488 MW Multi-Technology Renewable Portfolio

Brazil

Energisa S.A., 488 MW Multi-Technology Renewable Portfolio comprises a renewable portfolio that generates energy at a capacity of 488 mega watts.

Buy $935M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Talen Energy - 292 MW Hydroelectric Portfolio

Pennsylvania, United States

Talen Energy - 292 MW Hydroelectric Portfolio consists of two facilities, the 252 MW Holtwood station on the Susquehanna River and the 40 MW Wallenpaupack station on Lake Wallenpaupack in the Pocono Mountains, with a combined expected average annual generation of approximately 1.1 million megawatt hours.

Buy $860M

Seller(S) 1

SELLER

Gestamp Renewables

Madrid, Spain

Category Company
Sector Renewable Energy
DESCRIPTION

Gestamp Renewables is an industrial group that operates and supplies components within the renewable energy sector.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (Spain) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1