M&A Deal Summary |
|
|---|---|
| Date | 2019-04-11 |
| Target | Calpine - Two Contracted Power Plants |
| Sector | Renewable Energy |
| Buyer(s) | Lotus Infrastructure Partners |
| Sellers(s) | Calpine |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
Starwood Energy Group, an affiliate of Starwood Capital Group, is a private equity firm that targets investments in energy infrastructure assets. Starwood Energy looks to invest in hard assets with strong contracted cash-flow. This includes opportunistic acquisitions as well as development-stage commitments. The Group's target investment size is $50 to $200 million. Starwood Energy was formed in 2005 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 11 |
| Sector (Renewable Energy) | 3 of 4 |
| Type (Divestiture) | 2 of 4 |
| State (Texas) | 1 of 2 |
| Country (United States) | 8 of 10 |
| Year (2019) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-27 |
Hudson Project
Fairfield, Connecticut, United States Hudson is a 660 MW, 345 kilovolt transmission line that will be built between Ridgefield, NJ and midtown Manhattan. The Hudson-sponsored project will include approximately eight miles of buried transmission cable, four miles of which will be installed beneath the Hudson River, and a converter station in Ridgefield that will convert alternating current (“AC”) power into direct current (“DC”) power for purposes of efficient transmission, and back to AC power for distribution to the New York Power Authority’s (“NYPA”) New York City customers. Hudson Project was founded in 2009 and is based in Fairfield, Connecticut. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-11-08 |
Lavaca Midstream
Lavaca County, Texas, United States Lavaca Midstream provides 260 miles of natural gas gathering pipes and associated infrastructure and provides gathering and artificial gas lift services to local upstream clients focused on oil and gas production in the Eagle Ford. |
Buy | - |
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Company fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses Calpine Energy Solutions and Champion Energy, Company serve customers in 25 states, Canada and Mexico. Calpine clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Company are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector (Renewable Energy) | 8 of 8 |
| Type (Divestiture) | 11 of 11 |
| State (Texas) | 2 of 2 |
| Country (United States) | 12 of 12 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-09 |
Noble Americas Energy Solutions
San Diego, California, United States Noble Americas Energy Solutions LLC is an independent supplier of power to commercial and industrial retail customers. |
Buy | $1.1B |
