Investment Summary

Goldman Sachs Merchant Banking Invests In GridStor

On January 1, 2022, private equity firm Goldman Sachs Merchant Banking invested in energy services and equipment company GridStor

Investment Highlights
  • This is Goldman Sachs Merchant Banking’s 1st transaction in the Energy Services and Equipment sector.
  • This is Goldman Sachs Merchant Banking’s 124th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 1st transaction in Oregon.

Investment Summary

Date 2022-01-01
Target GridStor
Sector Energy Services and Equipment
Investor(s) Goldman Sachs Merchant Banking
Deal Type Growth Capital

Target

GridStor

Portland, Oregon, United States
GridStor develops, acquires, and operates utility-scale, standalone battery storage projects primarily across North America. GridStor was founded in 2022 and is based in Portland, Oregon.

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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 178 of 188
Sector (Energy Services and Equipment) 1 of 1
Type (Growth Capital) 26 of 30
State (Oregon) 1 of 1
Country (United States) 124 of 130
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Belfry

Sutton Coldfield, United Kingdom

Belfry is a provider of leisure, conference and golf destination, featuring 320 rooms, a 25,000-square foot fitness center and spa, and 20,000 square feet of meeting space. Belfry was founded in 1977 and is based in Sutton Coldfield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Project44

Chicago, Illinois, United States

Project44 is a provider of cloud-based platforms that connects, automates, and provides visibility into key transportation processes to accelerate insights and drive better decisions. Project44 was founded in 2014 and is based in Chicago, Illinois.

Buy -