Investment Summary

First Reserve and General Atlantic Invest In Venterra

On February 1, 2022, private equity firm First Reserve and growth capital firm General Atlantic invested in renewable energy company Venterra

Investment Highlights
  • This is First Reserve’s 11th and General Atlantic’s 1st transaction in the Renewable Energy sector.
  • This is First Reserve’s 7th and General Atlantic’s 19th transaction in the United Kingdom.

Investment Summary

Date 2022-02-01
Target Venterra
Sector Renewable Energy
Investor(s) First Reserve
General Atlantic
Deal Type Growth Capital

Target

Venterra

London, United Kingdom
Venterra was formed to create a global services champion supporting the offshore wind industry’s rapid expansion and leading role in the energy transition. It is building a service offering across the wind farm lifecycle comprising Engineer, Build and Support services through a combination of acquisition and organic development to generate accelerated growth in the fast-expanding market. Venterra is based in London, United Kingdom.

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Investor(S) 2

Investor

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 STATS #
Overall 109 of 112
Sector: Renewable Energy M&A 11 of 11
Type: Growth Capital M&A Deals 7 of 8
Country: United Kingdom M&A 7 of 7
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 GridTek Utility Services

Melbourne, Florida, United States

GridTek Utility Services is a provider of electrical transmission and distribution maintenance services for utility infrastructure, primarily serving the Southeast, mid-Atlantic and Southwest regions of the United States. GridTek Utility Services is based in Melbourne, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 TNT Crane & Rigging

Houston, Texas, United States

TNT Crane & Rigging is a mobile crane rental company serving the Louisiana and Oklahoma region. TNT provides crane rental and rigging services primarily to the refinery, oil & gas, petrochemical, power and commercial end markets. The Company owns one of the largest and most diverse mobile crane fleets in the region, with cranes ranging in size from 15-tons to 800-tons. TNT Crane & Rigging was founded in 1985 and is based in Houston, Texas.

Sell -
Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 316 of 364
Sector: Renewable Energy M&A 1 of 1
Type: Growth Capital M&A Deals 126 of 139
Country: United Kingdom M&A 19 of 21
Year: 2022 M&A 6 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Pixis

Chicago, Illinois, United States

Pixis is a provider of contextual codeless AI infrastructure for complete marketing optimization. Pixis was founded in 2018 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Bold

Bogota, Colombia

Bold is an emerging independent merchant-acquirer with the mission of promoting financial inclusion by expanding the digital payments ecosystem in Colombia. Bold was founded in 2019 and is based in Bogota, Colombia.

Buy -