M&A Deal Summary

GE Renewable Energy Acquires LM Wind Power AS

On October 11, 2016, GE Renewable Energy acquired renewable energy company LM Wind Power AS from DH Private Equity Partners for 1.7B USD

Acquisition Highlights
  • This is GE Renewable Energy’s 1st transaction in the Renewable Energy sector.
  • This is GE Renewable Energy’s largest (disclosed) transaction.
  • This is GE Renewable Energy’s 1st transaction in Denmark.

M&A Deal Summary
Date 2016-10-11
Target LM Wind Power AS
Sector Renewable Energy
Buyer(s) GE Renewable Energy
Sellers(s) DH Private Equity Partners
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

LM Wind Power AS

Kolding, Denmark
LM Wind Power is the world's largest designer and independent supplier of rotor blades for wind turbines, with a global manufacturing footprint that includes blade factories in Brazil, Canada, China, Denmark, India, Poland, Spain and the United States. The company has produced more than 185,000 blades since 1978, corresponding to more than 77 GW installed capacity and global savings of more than 147 million tons of CO2 annually.

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Buyer(S) 1

Buyer

GE Renewable Energy

United States
Category Company
Sector Renewable Energy
DESCRIPTION

GE Renewable Energy is a $9 billion dollar start-up that brings together one of the broadest product and service portfolios of the renewable energy industry. Combining onshore and offshore wind, hydro and innovative technologies such as concentrated solar power, GE Renewable Energy has installed more than 370 gigawatts capacity globally to make the world work better and cleaner. With 13,000 employees present in more than 55 countries, GE Renewable Energy is backed by the resources of the world’s first digital industrial company.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Denmark) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Treblade

Stockholm, Sweden

Treblade Located approximately 470km north of Stockholm, the 175 MW wind farm will generate enough renewable energy to power the equivalent of 175,000 homes in Sweden and will play a significant role supporting the country’s target to become fossil fuel-free by 2040. Treblade is based in Stockholm, Sweden.

Sell -

Seller(S) 1

SELLER

DH Private Equity Partners

London, United Kingdom
Category Private Equity Firm
Founded 1985
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

DH Private Equity Partners is an independent private equity firm focused on investments in traditional private equity, real estate, and venture capital. DH private equity group targets European mid-market businesses valued between €200 and €600 million. The Firm usually takes a majority stake in acquisitions, and looks for management participation as well. DH will consider investments across a range of industries, including building materials, packaging, energy, automotive, media, beverages, and luxury goods. DH Private Equity was formed in 1985 and is based in London.

DEAL STATS #
Overall 31 of 35
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 10 of 11
Country (Denmark) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-03 TV3

Dublin, Ireland

TV3 is the only privately owned terrestrial free-to-air national commercial television channel in the Republic of Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 TMF Group

Amsterdam, Netherlands

TMF Group is a provider of accounting and corporate secretarial services. TMF provides locally-delivered outsourced business and compliance services (including corporate secretarial, tax & accounting, legal & administration and HR & payroll) to approximately 15,000 multi-national corporates, investment funds and high-net worth individuals globally. With a network of offices across over 80 countries, and headquartered in Amsterdam, TMF Group has the in-country expertise and knowledge to help businesses of all sizes expand and operate both within and beyond their home markets. TMF Group was founded in 1988 and is based in Amsterdam, Netherlands.

Sell -
Mergr

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