Stake Purchase • Renewable Energy

EIG Partners Invests In Abengoa

On March 19, 2013, asset manager EIG Partners invested in renewable energy company Abengoa from First Reserve

Investment Context
  • This is EIG Partners’ 2nd transaction in the Renewable Energy sector.
  • This is EIG Partners’ 1st transaction in Spain.

Explore All 123 Stake Purchase Renewable Energy Deals - Search the Database Free


Investment Summary

Date March 19, 2013
Target Abengoa
Sector Renewable Energy
Investor(s) EIG Partners
Sellers(s) First Reserve
Deal Type Stake Purchase

Target Company

Abengoa

Seville, Spain
Abengoa is an international company that applies innovative technology solutions for sustainability in the infrastructures, energy and water sectors. Abengoa was founded in 1941 and is based in Seville, Spain.
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Investor Overview 1

Investor

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 Investor #
Overall 11 of 55
Sector: Renewable Energy 2 of 14
Type: Stake Purchase 3 of 16
Country: Spain 1 of 3
Year: 2013 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-20 Southcross Energy

Dallas, Texas, United States

Southcross Energy is a midstream natural gas company engaged in the gathering, processing and pipeline transportation of natural gas, with a total of more than 2,100 miles of pipeline assets. Southcross Energy is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Coalspur Mines

Vancouver, Alberta, Canada

Coalspur Mines Ltd. is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development.

Buy -

Seller Profile 1

SELLER

First Reserve

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


Deal Context for Seller #
Overall 34 of 59
Sector: Renewable Energy 2 of 3
Type: Stake Purchase 2 of 2
Country: Spain 1 of 1
Year: 2013 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-27 AFGlobal

Houston, Texas, United States

AFGlobal is an oil and gas OEM specializing in technology, products, and services with fully-integrated manufacturing capabilities to clients around the world. AFGlobal also offers a broad range of manufacturing capabilities to industrial segments, offering a variety of both highly-engineered and general forged products, as well as complementary aftermarket services. AFGlobal was founded in 1985 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-09 Torus Insurance Holdings

Hamilton, Bermuda

Torus Insurance offers a diversified and growing range of property, casualty and specialty insurance products, as well as reinsurance, to a global client base through its Bermuda, UK, and US based insurance subsidiaries.

Sell $692M