M&A Deal Summary

Golden Gate Capital Acquires DMC Power

On June 30, 2023, private equity firm Golden Gate Capital acquired utilities company DMC Power from Bridgepoint

Acquisition Highlights
  • This is Golden Gate Capital’s 1st transaction in the Utilities sector.
  • This is Golden Gate Capital’s 98th transaction in the United States.
  • This is Golden Gate Capital’s 23rd transaction in California.

M&A Deal Summary

Date 2023-06-30
Target DMC Power
Sector Utilities
Buyer(s) Golden Gate Capital
Sellers(s) Bridgepoint
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Davis Polk & Wardwell (Legal)

Target

DMC Power

Carson, California, United States
DMC Power designs and manufactures the highest quality connection systems for transmission, distribution, substation, and industrial projects. DMC Power is based in Carson, California.

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Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 110 of 112
Sector: Utilities M&A 1 of 1
Type: Secondary Buyout M&A Deals 21 of 21
State: California M&A 23 of 23
Country: United States M&A 98 of 100
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Parallel Advisors

San Francisco, California, United States

Parallel Advisors is an independent wealth management firm specializes in active financial planning, solid portfolio construction, and mindful asset allocation designed to help individuals, families, and trusts accomplish their financial goals. The company provides innovative, unrestricted, and comprehensive solutions for our clients. Parallel Advisors was founded in 2006 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Virginia Green

Richmond, Virginia, United States

Virginia Green is an operator of residential lawn treatment services with a growing footprint of ten locations and 70,000 customers across key local markets. Virginia Green was founded in 2004 and is based in Richmond, Virginia.

Buy -

Seller(S) 1

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 105 of 112
Sector: Utilities M&A 2 of 2
Type: Secondary Buyout M&A Deals 63 of 66
State: California M&A 3 of 3
Country: United States M&A 5 of 6
Year: 2023 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 Windar Renovables

Avilés, Spain

Windar Renovables is a global manufacturer of towers and foundations for onshore and offshore wind turbines. Windar Renovables operates ten manufacturing plants over five continents – seven of them located in Spain and the remaining three located in Brazil, India and Mexico. Windar Renovables was formed in 2007 and is based in Avilés, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 SK AeroSafety Group

Wokingham, United Kingdom

SK AeroSafety Group specializes in the inspection, testing, maintenance and repair of critical passenger safety equipment found on all commercial and private aircraft worldwide. Examples of equipment serviced by the Company include life vests, fire extinguishers, oxygen masks, oxygen cylinders, evacuation slides, and life rafts. SK AeroSafety supports a diversified and global customer base of over 700 airlines, component service providers, maintenance and repair organizations (MRO) and OEMs, and has locations in The Netherlands, United Kingdom, United States, Malaysia, and Dubai. SK AeroSafety Group was founded in 2011 and is based in Wokingham, United Kingdom.

Buy -