M&A Deal Summary

Hannon Armstrong Capital Acquires American Wind Capital

On May 28, 2014, Hannon Armstrong Capital acquired renewable energy company American Wind Capital from GNRI Manco and NGP Energy Technology Partners for 107M USD

Acquisition Highlights
  • This is Hannon Armstrong Capital’s 1st transaction in the Renewable Energy sector.
  • This is Hannon Armstrong Capital’s largest (disclosed) transaction.
  • This is Hannon Armstrong Capital’s 1st transaction in the United States.
  • This is Hannon Armstrong Capital’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2014-05-28
Target American Wind Capital
Sector Renewable Energy
Buyer(s) Hannon Armstrong Capital
Sellers(s) GNRI Manco
NGP Energy Technology Partners
Deal Type Add-on Acquisition
Deal Value 107M USD
Advisor(s) Marathon Capital LLC (Financial)

Target

American Wind Capital

Old Saybrook, Connecticut, United States
American Wind Capital ("AWCC"), led by Charles C. Hinckley is a leading company in the wind energy royalty acquisition business. AWCC was formed for the purpose of purchasing long-term royalty payments from property owners who receive royalty income from wind power projects in the United States.

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Buyer(S) 1

Buyer

Hannon Armstrong Capital

Annapolis, Maryland, United States
Category Company
Founded 1980
Sector Financial Services
DESCRIPTION

Hannon Armstrong Capital, LLC provides finance solutions for governmental and commercial clients.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

GNRI Manco

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

GNRI Manco Ltd. (Global Natural Resource Investments) was formed by a management buyout of the former Barclays Natural Resource Investments private equity business from Barclays Bank PLC in October 2015. GNRI is focussed on the global natural resources sector, specifically on upstream oil and gas (excluding the US), mining, associated services and power. The Group has additional offices in Dubai, and Doha.

DEAL STATS #
Overall 3 of 9
Sector (Renewable Energy) 1 of 2
Type (Add-on Acquisition) 2 of 6
State (Connecticut) 1 of 1
Country (United States) 2 of 3
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-09 Nio Petroleum

London, United Kingdom

Nio Petroleum focuses on marginal oil & gas fields and late life developments in South East Asia. Nio Petroleum was founded in 2009 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-24 Tellus Petroleum

Ridgeland, Mississippi, United States

Tellus Petroleum is an independent oil & gas company established by experienced and reputable upstream professionals. The aim is to acquire a portfolio of interests in small and medium sized producing fields and discoveries on the Norwegian Continental Shelf. Tellus Petroleum was founded in 2012 and is based in Ridgeland, Mississippi.

Sell Nkr10M
SELLER

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.

DEAL STATS #
Overall 6 of 17
Sector (Renewable Energy) 1 of 3
Type (Add-on Acquisition) 3 of 9
State (Connecticut) 1 of 1
Country (United States) 5 of 16
Year (2014) 2 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Wellsite

Broussard, Louisiana, United States

Wellsite is a comprehensive rental equipment provider for the drilling and production sectors of the oil and gas industry. The Company provides rental tubing & associated handling tools, specialty trailers, cooling and heating trailers, automated slips, variable bore rams and additional rental equipment. Wellsite was founded in 2013 and is based in Broussard, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-20 Oilfield Water Logistics

Dallas, Texas, United States

Oilfield Water Logistics is a provider of midstream water infrastructure and services. Oilfield Water Logistics was founded in 2014 and is based in Dallas, Texas.

Buy -
Mergr

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