Investment Summary |
|
|---|---|
| Date | 2018-05-23 |
| Target | Southern - Solar Portfolio |
| Sector | Renewable Energy |
| Investor(s) | Global Atlantic Financial Group |
| Sellers(s) | Southern |
| Deal Type | Stake Purchase |
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| Category | Company |
|---|---|
| Founded | 2004 |
| Sector | Insurance |
Global Atlantic Financial Group is a multiline insurance and reinsurance company that serves more than two million policyholders through its retirement and life insurance products. It is one of the largest fixed rate and fixed indexed annuity providers in the United States, offering annuities for individuals through a network of banks, broker-dealers, and insurance agencies as well as life insurance for individuals and corporates. Global Atlantic is also a leader in the institutional channel, providing customized reinsurance solutions to its life and annuity company clients. Global Atlantic was formed in 2004 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Renewable Energy) | 1 of 1 |
| Type (Stake Purchase) | 1 of 1 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2018) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-02 |
Forethought Financial Group
Houston, Texas, United States Forethought Financial serves the United States’ funeral planning professionals with marketing support for Forethought funeral plans funded by life insurance. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-31 |
Talcott Resolution
Windsor, Connecticut, United States Talcott Resolution is an insurance company with capabilities including extensive life insurance and annuity product knowledge and rigorous risk and liability management. Talcott's primary blocks of business are variable annuities, fixed annuities, structured settlements, and corporate-owned life insurance. Talcott Resolution is based in Windsor, Connecticut. |
Buy | - |
Southern is a premier energy company serving the Southeast through its subsidiaries. A U.S. producer of clean, safe, reliable and affordable electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern was founded in 1945 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector (Renewable Energy) | 2 of 2 |
| Type (Stake Purchase) | 1 of 1 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 4 of 6 |
| Year (2018) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-21 |
Southern - Florida Assets
Florida, United States Southern Co. - Florida Assets include Gulf Power Company and the entities holding Southern Power's interests in Plant Oleander and Plant Stanton provide customer-focused business models and strong commitments to safety, reliability, customer service and community engagement. |
Sell | $6.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-06 |
Mankato Energy Center
Mankato, Minnesota, United States Mankato Energy Center LLC is a natural gas combined-cycle generation facility, will have a maximum capacity of approximately 760 megawatts upon completion of an ongoing expansion project. The completion of the sale, subject to regulatory approval and other closing conditions, is expected to be mid-2019. |
Sell | $650M |
