Secondary Buyout • Renewable Energy

Cerberus Capital Management Acquires Renovalia Energy

On February 4, 2016, asset manager Cerberus Capital Management acquired renewable energy company Renovalia Energy from JHP Enterprises

Acquisition Context
  • This is Cerberus Capital Management’s 1st transaction in the Renewable Energy sector.
  • This is Cerberus Capital Management’s 2nd transaction in Spain.
Investment Fate
  • Renovalia Energy was sold to a strategic buyer in 2019.

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M&A Deal Summary

Date February 4, 2016
Target Renovalia Energy
Sector Renewable Energy
Buyer(s) Cerberus Capital Management
Sellers(s) JHP Enterprises
Deal Type Secondary Buyout
Advisor(s) Bird & Bird (Legal)

Target Company

Renovalia Energy

Madrid, Spain
Renovalia Energy specializes in the promotion, production, management and sale of electricity generated through renewable energy sources (wind power, photovoltaic power and small hydro power). Renovalia Energy was founded in 1998 and is based in Madrid, Spain.
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Buyer Overview 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


Deal Context for Buyer #
Overall 48 of 93
Sector: Renewable Energy 1 of 1
Type: Secondary Buyout 6 of 17
Country: Spain 2 of 3
Year: 2016 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 Avon Products

London, United Kingdom

Avon brings beauty to the lives of women all over the world. At Avon, beauty means finding the right lipstick shade for a customer; providing an earnings opportunity so a woman can support her family; and enabling a woman to get her first mammogram. It’s about championing economic empowerment and improving the lives of women around the world. Avon Products was founded in 1886 and is based in London, the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Greenstar

Wicklow, Ireland

Greenstar is a waste management company serving residential and business customers throughout Ireland.

Sell -

Seller Profile 1

SELLER

JHP Enterprises

Norwalk, Connecticut, United States

Investor


Category Merchant Bank
Founded 1988
Size Small
Type Sector Agnostic
DESCRIPTION

JHP Enterprises is a merchant bank and advisory firm. JHP provides management consulting and investment banking advisory services to private equity investors, companies and entrepreneurs in the United States, Latin America and Europe. JHP also sponsors and participates as principals in buyouts, restructurings and development capital transactions. JHP Enterprises was formed in 1988 and has offices in New Canaan, Connecticut and Barcelona, Spain.


Deal Context for Seller #
Overall 1 of 1
Sector: Renewable Energy 1 of 1
Type: Secondary Buyout 1 of 1
Country: Spain 1 of 1
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Simple Spaniard

Barcelona, Spain

Simple Spaniard is a provider of White sandals for the beach and weddings. Leather Sandals for women with straps. Simple Spaniard was founded in 2017 and is based in Barcelona, Spain.

Buy -