M&A Deal Summary

EQT Acquires Madison Energy Infrastructure

On December 20, 2022, private equity firm EQT acquired renewable energy company Madison Energy Infrastructure from Stonepeak

Acquisition Highlights
  • This is EQT’s 6th transaction in the Renewable Energy sector.
  • This is EQT’s 47th transaction in the United States.
  • This is EQT’s 4th transaction in New York.

M&A Deal Summary

Date 2022-12-20
Target Madison Energy Infrastructure
Sector Renewable Energy
Buyer(s) EQT
Sellers(s) Stonepeak
Deal Type Secondary Buyout

Target

Madison Energy Infrastructure

New York, New York, United States
Madison Energy Infrastructure is a platform that develops, owns, and operates distributed generation projects within the commercial and industrial (C&I) and small utility-scale sectors. Madison Energy Infrastructure is based in New York City.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 277 of 312
Sector (Renewable Energy) 6 of 9
Type (Secondary Buyout) 82 of 94
State (New York) 4 of 4
Country (United States) 47 of 59
Year (2022) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Trescal

Rungis, France

Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Torghatten

Brønnøysund, Norway

Torghatten is a private passenger transportation company with a focus on sea and land transportation services and is a critical part of the country's transportation infrastructure. Torghatten was founded in 1878 and is based in Brønnøysund, Norway.

Sell -

Seller(S) 1

SELLER

Stonepeak

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 8 of 10
Sector (Renewable Energy) 1 of 1
Type (Secondary Buyout) 4 of 4
State (New York) 1 of 1
Country (United States) 7 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-20 GeelongPort

North Geelong, Australia

GeelongPort is a diversified landlord port and a major driver of Victoria’s economy, managing over A$7 billion of trade and supporting more than 1,800 jobs across the state. It provides easy access to logistics routes for trade through critical road, rail, air, and channel connections for Geelong and southwest Victoria’s supply chains. GeelongPort is based in North Geelong, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Cellnex Nordics

Sweden

Cellnex Nordics provides mobile network operators with colocation services for their wireless networking equipment through a network totalling 4k+ sites across Sweden and Denmark today. The Cellnex Nordics business holds commitments and options to build and operate approximately 2,500 additional sites in the region, positioning it well for continued organic growth.

Buy -