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M&A Deal Summary

Calpine Acquires Noble Americas Energy Solutions

On October 9, 2016, Calpine acquired utilities company Noble Americas Energy Solutions from Noble Group for 1.1B USD

Acquisition Highlights
  • This is Calpine’s 2nd transaction in the Utilities sector.
  • This is Calpine’s 2nd largest (disclosed) transaction.
  • This is Calpine’s 8th transaction in the United States.
  • This is Calpine’s 1st transaction in California.

M&A Deal Summary
Date 2016-10-09
Target Noble Americas Energy Solutions
Sector Utilities
Buyer(s) Calpine
Sellers(s) Noble Group
Deal Type Divestiture
Deal Value 1.1B USD

Target

Noble Americas Energy Solutions

San Diego, California, United States
Noble Americas Energy Solutions LLC is an independent supplier of power to commercial and industrial retail customers.

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Buyer(S) 1

Buyer

Calpine

Houston, Texas, United States
Category Company
Founded 1984
Sector Utilities
Employees2,209
Revenue 6.5B USD (2015)
DESCRIPTION

Calpine is a generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Calpine was founded in 1984 and is based in Houston, Texas.

DEAL STATS #
Overall 9 of 9
Sector: Utilities M&A 2 of 2
Type: Divestiture M&A Deals 6 of 6
State: California M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Calpine - Mankato Power Plant

Minnesota, United States

Calpine - Mankato Power Plant is a 375 MW natural gas-fired, combined-cycle power plant located in Minnesota. Mankato is a modern, efficient and well-performing plant under long-term contract to the local utility and with an expansion in advanced development.

Sell $396M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-11 Calpine - Two Contracted Power Plants

Houston, Texas, United States

Calpine’s Two Contracted Power Plants include the Garrison Energy Center (325 MW combined-cycle, Delaware) and RockGen Energy Center (503 MW peaker, Wisconsin), both operating under long-term power contracts.

Sell -

Seller(S) 1

SELLER

Noble Group

Wan Chai, China
Category Company
Founded 1987
Sector Energy Services and Equipment
Employees500
Revenue 6.4B USD (2017)
DESCRIPTION

Noble Group is an entity that manages a portfolio of global supply chains across a range of industrial and energy products. The company market, process, finance and transport key commodities, connecting low-cost producing regions with high-demand growth markets. Noble Group was founded in 1987 and is based in Wan chai, China.

DEAL STATS #
Overall 2 of 2
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 Jamalco

Clarendon,, Jamaica

Jamalco Inc. mines and refines bauxite into alumina in Jamaica. Company exports alumina for the aluminum smelters to produce aluminum metal.

Buy -
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