M&A Deal Summary

KKR and Partners Group Acquire Sorgenia

On June 1, 2011, private equity firm KKR and asset manager Partners Group acquired renewable energy company Sorgenia

Acquisition Highlights
  • This is KKR’s 1st and Partners Group’s 1st transaction in the Renewable Energy sector.
  • This is KKR’s 3rd and Partners Group’s 1st transaction in Italy.
Investment Fate
  • Sorgenia was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2011-06-01
Target Sorgenia
Sector Renewable Energy
Buyer(s) KKR
Partners Group
Deal Type Joint Venture

Target

Sorgenia

Milan, Italy
Sorgenia is a wind farm owner/operator, The Company generates, distributes, and trades solar, wind, hydro, and thermo energy. Sorgenia operates power plants in Italy and France. Sorgenia was founded in 1999 and is based in Milan, Italy.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 95 of 499
Sector: Renewable Energy M&A 1 of 12
Type: Joint Venture M&A Deals 2 of 7
Country: Italy M&A 3 of 5
Year: 2011 M&A 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 China Tianrui Group Cement Co.

Henan, China

China Tianrui Group Cement Company Limited is a leading clinker and cement producer in China in terms of production capacity and production volume as of December 31, 2010. We are primarily involved in the production, sale and distribution of clinker and cement.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 T-Solar Global SA

Madrid, Spain

T-Solar Global SA is a generator of solar photovoltaic (PV) power to European clients. T-Solar Global was formed in 2006 and is based in Madrid, Spain.

Buy -
Buyer

Partners Group

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1996
PE ASSETS 174.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 6 of 97
Sector: Renewable Energy M&A 1 of 12
Type: Joint Venture M&A Deals 1 of 1
Country: Italy M&A 1 of 3
Year: 2011 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-25 Chronos

Mount Kisco, New York, United States

Chronos through the acquisition and combination of JP Morgan’s life settlements assets and Life Equity, a leading originator and servicer of life settlements, creating a fully-integrated business that offers a turnkey solution for institutions and high net worth individuals interested in investing in life settlements. Chronos is building out a third-party business by offering clients three complementary services: policy origination; policy servicing; and asset management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-20 Atos Medical

Malmö, Sweden

Atos Medical is a medical device company with a global market and technology leading position in the segment for voice and pulmonary rehabilitation of patients who have undergone laryngectomy (surgical removal of the voice box). Atos Medical was formed in 1986 and is based in Malmö, Sweden.

Buy -