M&A Deal Summary |
|
|---|---|
| Date | 2006-05-12 |
| Target | Trans-Elect Development |
| Sector | Electrical Equipment |
| Buyer(s) |
ITC Holdings
TransAlta AES |
| Sellers(s) |
GFI Energy Ventures
Oaktree Capital Management |
| Deal Type | Add-on Acquisition |
| Deal Value | 866M USD |
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| Category | Company |
|---|---|
| Founded | 2001 |
| Sector | Utilities |
| Employees | 637 |
| Revenue | 1.0B USD (2015) |
ITC Holdings Corp. is an electricity transmission and utility serving the central United States and Canada. company. ITC was formed in 2001 and is based in Novi, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta’s focus is to efficiently operate wind, hydro, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. TransAlta was incorporated in 1909 and is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 4 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-10-01 |
Canadian Hydro Developers
Calgary, Alberta, Canada Canadian Hydro Developers, Inc. is a diversified developer, owner, and operator of 21 renewable energy generation facilities in Canada totaling net 694 MW of capacity in operation, 160 MW in and nearing construction, and 6,060 MW in development. |
Buy | $1.6B |
AES is a power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 21 countries. AES understands that a reliable, affordable supply of electricity is essential to human progress, economic growth, public health and security. AES was founded in 1981 and is based in Arlington, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 13 |
| Sector (Electrical Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 4 of 12 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 4 of 11 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-03-30 |
SeaWest Holdings
San Diego, California, United States SeaWest Holdings LLC is a provider of wind farms in the United States. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-25 |
Silver Ridge Power
Arlington, Virginia, United States AES Solar Energy, Ltd. Is formed to develop, own and operate a global portfolio of utility-scale solar photovoltaic installations. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Focused |
GFI Energy Ventures is a specialist private investment firm focused on businesses surrounding the energy industry. GFI generally looks to acquire a controlling or significant interest in private companies or business units of public companies. Energy sub-sectors of interest include power quality/power conversion; energy measurement and control; transmission and distribution optimization; and information systems/transaction support. GFI seeks opportunities with at least $50 million in revenue and valued up to $500 million. The Firm will not invest in start-ups, turnarounds, unproven technology, or investments requiring less than $30 million of equity capital. GFI Energy Ventures was formed in 1995 and is based in Los Angeles, California. GFI Energy Ventures was acquired by Oaktree Capital Management in 2009.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 30 |
| Sector (Electrical Equipment) | 4 of 5 |
| Type (Add-on Acquisition) | 7 of 18 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 8 of 28 |
| Year (2006) | 2 of 5 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-20 |
Genscape
Louisville, Kentucky, United States Genscape, Inc. is a provider of energy information for commodity and financial markets. Genscape was founded in 1999 and is based in Louisville, Kentucky. |
Sell | $130M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-15 |
Cannon Technologies
Minneapolis, Minnesota, United States Cannon Technologies, Inc. is a developer and marketer of measurement and control products aimed at helping utilities improve the utilization, reliability and cost effectiveness of their transmission and distribution systems. |
Sell | - |
Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 77 |
| Sector (Electrical Equipment) | 4 of 8 |
| Type (Add-on Acquisition) | 8 of 31 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 11 of 53 |
| Year (2006) | 2 of 6 |
| Size (of disclosed) | 2 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-20 |
Genscape
Louisville, Kentucky, United States Genscape, Inc. is a provider of energy information for commodity and financial markets. Genscape was founded in 1999 and is based in Louisville, Kentucky. |
Sell | $130M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-06-02 |
Bristol Farms
Carson, California, United States Bristol Farms, Inc. is a grocery retailer of gourmet, organic, and natural foods. |
Sell | - |
