Divestiture • Energy Services and Equipment

EIG Partners Acquires West Burton Energy

On August 31, 2021, asset manager EIG Partners acquired energy services and equipment company West Burton Energy from EDF Energy

Acquisition Context
  • This is EIG Partners’ 15th transaction in the Energy Services and Equipment sector.
  • This is EIG Partners’ 3rd transaction in the United Kingdom.

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M&A Deal Summary

Date August 31, 2021
Target West Burton Energy
Sector Energy Services and Equipment
Buyer(s) EIG Partners
Sellers(s) EDF Energy
Deal Type Divestiture

Target Company

West Burton Energy

Retford, United Kingdom
West Burton Energy is an independent power producer and a leading supplier of electricity. West Burton Energy operates a 1332 MW Combined Cycle Gas Turbine (CCGT) power station, a 49MW battery, and has a permitted site for a planned Open Cycle Gas Turbine (OCGT) project. West Burton Energy is based in Retford, England.
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Buyer Overview 1

Buyer

EIG Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.


Deal Context for Buyer #
Overall 48 of 55
Sector: Energy Services and Equipment 15 of 17
Type: Divestiture 2 of 2
Country: United Kingdom 3 of 3
Year: 2021 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Aramco Oil Pipelines

Dhahran, Saudi Arabia

Aramco Oil Pipelines is a pipeline company that provides tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network. Aramco Oil Pipelines is based in Dhahran, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-24 APLNG

Australia

APLNG is a producer of coal seam gas (CSG), supplying Queensland's domestic gas market, as well as processing CSG into liquefied natural gas to meet growing export demand.

Buy -

Seller Profile 1

SELLER

EDF Energy

London, United Kingdom

Category Company
Sector Energy Services and Equipment
Employees14,800
DESCRIPTION

EDF Energy is one of the UK’s largest energy companies and its largest producer of low-carbon electricity. A wholly-owned subsidiary of the EDF Group, one of Europe's largest energy groups, we generate around one fifth of the UK's electricity and employ around 15,000 people. We supply electricity and gas to around 5.5 million residential and business customers, making us the biggest supplier of electricity by volume.


Deal Context for Seller #
Overall 2 of 2
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 2 of 2
Country: United Kingdom 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 UK Power Networks Holdings

Maidstone, United Kingdom

UK Power Networks Holdings Ltd.own and maintain electricity cables and lines across London, the South East and East of England making sure your lights stay on,We maintain and upgrade power equipment.

Sell £5.8B