M&A Deal Summary

J.P. Morgan Private Equity Group Acquires El Paso Electric

On June 3, 2019, private equity firm J.P. Morgan Private Equity Group acquired utilities company El Paso Electric for 4.3B USD

Acquisition Highlights
  • This is J.P. Morgan Private Equity Group’s 1st transaction in the Utilities sector.
  • This is J.P. Morgan Private Equity Group’s 2nd largest (disclosed) transaction.
  • This is J.P. Morgan Private Equity Group’s 2nd transaction in the United States.
  • This is J.P. Morgan Private Equity Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-06-03
Target El Paso Electric
Sector Utilities
Buyer(s) J.P. Morgan Private Equity Group
Deal Type Going Private
Deal Value 4.3B USD
Advisor(s) Lazard Ltd. (Financial)
Baker Botts (Legal)

Target

El Paso Electric

El Paso, Texas, United States
El Paso Electric is a regional electric utility providing generation, transmission and distribution service to approximately 395,000 retail and wholesale customers in a 10,000 square mile area of the Rio Grande valley in west Texas and southern New Mexico. El Paso Electric was founded in 1901 and is based in El Paso, Texas.

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Buyer(S) 1

Buyer

J.P. Morgan Private Equity Group

Category Private Equity Firm
Size Mega
Type Sector Agnostic
DESCRIPTION

J.P. Morgan Investment Management Inc. is the private equity and alternative investments group within JP Morgan Chase bank. The Unit was established in 1984 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 8
Sector (Utilities) 1 of 1
Type (Going Private) 1 of 2
State (Texas) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 American Pain Consortium

Evansville, Indiana, United States

American Pain Consortium receives essential management support provided by American Pain Consortium. APC supports a growing network of interventional pain management practices and pain-focused ambulatory surgical centers (ASC) that provides state-of-the-art, patient-focused support services. American Pain Consortium was founded in 1992 and is based in Evansville, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 Forus Deporte y Ocio

Coslada, Spain

Forus Deporte y Ocio is dedicated to the development, construction, and management of concession-operated municipal sports centers. Forus’s objective is to promote sports and healthy living habits, and therefore provide quality infrastructures with the best available equipment. Forus Deporte y Ocio was founded in 2010 and is based in Coslada, Spain.

Buy -
Mergr

Product

Company

Legal