Investment Summary

EIG Partners Invests In Greenfield Energy Centre

On May 26, 2011, asset manager EIG Partners invested in renewable energy company Greenfield Energy Centre from Calpine and Mitsui & Co

Investment Highlights
  • This is EIG Partners’ 1st transaction in the Renewable Energy sector.
  • This is EIG Partners’ 1st transaction in Canada.
  • This is EIG Partners’ 1st transaction in Ontario.

Investment Summary

Date 2011-05-26
Target Greenfield Energy Centre
Sector Renewable Energy
Investor(s) EIG Partners
Sellers(s) Calpine
Mitsui & Co
Deal Type Stake Purchase

Target

Greenfield Energy Centre

Toronto, Ontario, Canada
Greenfield Energy Centre is a natural gas-fired combined-cycle electric generating facility with a capacity of approximately 300 MW located in St. Clair Township, Ontario.

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Investor(S) 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 STATS #
Overall 5 of 55
Sector: Renewable Energy M&A 1 of 14
Type: Stake Purchase M&A Deals 1 of 16
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 4
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Northeast Natural Energy

Charleston, West Virginia, United States

Northeast Natural Energy is a private oil and gas company focused on the acquisition and development of natural gas reserves within the Appalachian Basin. Northeast Natural Energy was founded in 2009 and is headquartered in Charleston, West Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-06 Intervention Energy

Minot, North Dakota, United States

Intervention Energy LLC is a privately held non-operated oil and gas companies with a primary focus on the Bakken and Three Forks plays.

Buy -

Seller(S) 2

SELLER

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 8 of 13
Sector: Renewable Energy M&A 4 of 8
Type: Stake Purchase M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 Blue Spruce Energy Center

Aurora, Colorado, United States

Blue Spruce Energy Center, LLC operates 310 megawatt simple cycle, natural gas fired power plant.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-07 Bosque Power Plant

Texas, United States

Bosque Power Plant, which has generating capacity of 800 megawatts. Bosque Power Plant comprises a 250-megawatt block with one natural-gas turbine, one heat-recovery steam generator and one steam turbine and a 550-megawatt block with two natural-gas turbines.

Buy $432M
SELLER

Mitsui & Co

Tokyo, Japan

Category Company
Founded 1947
Sector Diversified
Employees56,400
Revenue 14.66T JPY (2025)
DESCRIPTION

Mitsui & Co engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of ferrous scrap and alloy products and chemicals, energy, food, food & retail management, healthcare & service, consumer business, IT & communication business, corporate development business. Mitsui & Co was founded in 1947 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 16
Sector: Renewable Energy M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 MBS Co.

Tokyo, Japan

MBS Co., Ltd is a manufacturing of active pharmaceutical ingredients by utilizing fermentation and enzymatic technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-09 CornerStone Research & Development

Ogden, Utah, United States

CornerStone Research & Development is a “pure-play” nutritional supplement manufacturer in the U.S. and develops, produces, and packages more than 500 different capsule, tablet, and specialty powder products for its customers.

Sell -