Investment Summary

Goldman Sachs Merchant Banking Invests In BrightNight

On August 1, 2024, private equity firm Goldman Sachs Merchant Banking invested in renewable energy company BrightNight

Investment Highlights
  • This is Goldman Sachs Merchant Banking’s 2nd transaction in the Renewable Energy sector.
  • This is Goldman Sachs Merchant Banking’s 127th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 6th transaction in Florida.

Investment Summary

Date 2024-08-01
Target BrightNight
Sector Renewable Energy
Investor(s) Goldman Sachs Merchant Banking
Deal Type Growth Capital
Advisor(s) BofA Securities
PJT Partners (Financial)

Target

BrightNight

West Palm Beach, Florida, United States
BrightNight is a renewable integrated power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions. BrightNight was founded in 2018 and is based in West Palm Beach, Florida.

Search 205,333 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 1

Investor

Goldman Sachs Merchant Banking

New York, New York, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 185 of 188
Sector (Renewable Energy) 2 of 2
Type (Growth Capital) 28 of 30
State (Florida) 6 of 7
Country (United States) 127 of 130
Year (2024) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 TAIT

Lititz, Pennsylvania, United States

TAIT is a provider of advanced creative and engineering solutions to the live entertainment industry. It provides end-to-end solutions to design, construct, manufacture and operate custom-built concert touring and permanent installation experiences. TAIT was founded in 1978 and is based in Lititz, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-30 ARC

Walnut Creek, California, United States

ARC is a reprographics company providing document management services to the architectural, engineering and construction industries and to other industries that require sophisticated document management services. ARC is headquartered in Walnut Creek, California.

Sell -