Secondary Buyout • Renewable Energy

First Sentier Investors Acquires Terra-Gen

On August 27, 2020, asset manager First Sentier Investors acquired renewable energy company Terra-Gen from ECP

Acquisition Context
  • This is First Sentier Investors’ 1st transaction in the Renewable Energy sector.
  • This is First Sentier Investors’ 2nd transaction in the United States.
  • This is First Sentier Investors’ 1st transaction in New York.

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M&A Deal Summary

Date August 27, 2020
Target Terra-Gen
Sector Renewable Energy
Buyer(s) First Sentier Investors
Sellers(s) ECP
Deal Type Secondary Buyout

Target Company

Terra-Gen

New York, New York, United States
Terra-Gen is a renewable energy company focused on geothermal, wind and solar generation. Terra-Gen owns 744 MW (net equity) in 18 operating renewable energy projects across the Western United States. Terra-Gen was founded in 2007 and is based in New York City.
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Buyer Overview 1

DESCRIPTION

First Sentier Investors is a global asset management firm focused primarily on infrastructure related opportunities. The Firm was formerly known as Colonial First State Global Asset Management and was established in 1988.


Deal Context for Buyer #
Overall 2 of 3
Sector: Renewable Energy 1 of 1
Type: Secondary Buyout 1 of 1
State: New York 1 of 1
Country: United States 2 of 2
Year: 2020 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Anaergia s Rialto Bioenergy Facility

Rialto, California, United States

Anaergia's Rialto Bioenergy Facility is a resource recovery facility under construction that will provide organic waste recycling and renewable energy generation service to local government authorities and solid waste haulers, who are under regulatory requirement to divert organic waste from landfills in order to reduce greenhouse gas emissions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Monyco

La Chaux-De-Fonds, France

Monyco is a pioneer in the field of applying luminescent materials (Superluminova) to various timepieces. Monyco was founded in 1926 and is based in La Chaux-De-Fonds, France.

Buy -

Seller Profile 1

SELLER

ECP

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.


Deal Context for Seller #
Overall 24 of 31
Sector: Renewable Energy 8 of 8
Type: Secondary Buyout 5 of 6
State: New York 2 of 2
Country: United States 24 of 29
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Symmetry Energy Solutions

Houston, Texas, United States

Symmetry Energy Solutions provides competitive natural gas sales, storage and supply, and other energy-related solutions to approximately 30,000 commercial and industrial customers, utilities and municipalities in more than 30 states. Symmetry Energy Solutions is based in Houston, Texas.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Custom Truck One Source

Kansas City, Missouri, United States

Custom Truck One Source is a provider of rental fleets and service networks. Custom Truck One Source inventory includes aerial devices, cranes, diggers, drills, and stringing gear, to blocks, aftermarket parts, tools, and accessories. Custom Truck One Sources was founded in 1988 is based in Kansas City, Missouri.

Buy -