M&A Deal Summary

Sagewind Capital and Newlight Partners Acquire Bioenergy Devco

On January 1, 2017, private equity firms Sagewind Capital and Newlight Partners acquired renewable energy company Bioenergy Devco

Acquisition Highlights
  • This is Sagewind Capital’s 1st and Newlight Partners’ 1st transaction in the Renewable Energy sector.
  • This is Sagewind Capital’s 1st and Newlight Partners’ 1st transaction in the United States.
  • This is Sagewind Capital’s 1st and Newlight Partners’ 1st transaction in Maryland.

M&A Deal Summary
Date 2017-01-01
Target Bioenergy Devco
Sector Renewable Energy
Buyer(s) Sagewind Capital
Newlight Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Bioenergy Devco

Annapolis, Maryland, United States
Bioenergy Devco provides anaerobic digestion to recycle organics once destined for incineration or already crowded landfills. This process creates renewable natural gas and healthy living soils. Bioenergy Devco is based in Annapolis, Maryland.

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Buyer(S) 2

Buyer

Sagewind Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Sagewind Capital is a private equity firm focused on control and co-control investments in companies that have strong management teams in the government, defense, IT, software, business services, and healthcare services. The Firm looks to invest long-term (7 to 10 years) and generally pursues profitable companies with $20 to $250 million of revenue. Sagewind Capital was established in 2015 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 10
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 5
State (Maryland) 1 of 2
Country (United States) 1 of 9
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 PBE Group

Maidenhead, United Kingdom

PBE Group is a developer, manufacturer, and marketer of an extensive line of technology-enabled communication, tracking, and monitoring products for underground mining and tunneling. The company is a supplier to the U.S. coal industry through its extensive network of distributors and direct relationships with major coal producers. It also provides subcontract assembly services to the defense industry. PBE Group was founded in 1971 and is based in Maidenhead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 By Light

McLean, Virginia, United States

By Light is a provider of IT, cloud, cyber and infrastructure solutions to the US Federal Government. It provides services primarily to the department of defense, veterans affairs, defense information systems agency, and the intelligence community. By Light was founded in 2002 and is based in McLean, Virginia.

Buy -
Buyer

Newlight Partners

Category Private Equity Firm
Founded 2018
PE ASSETS 4.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Newlight Partners is a growth-focused middle market private equity firm investing in companies across North America. The Firm seeks to partner with founders and management teams in businesses in a variety of industries including healthcare, financial services, digital transformation, and decarbonization. Newlight Partners typically commits up to $150 million per transaction to support long-term growth initiatives. Newlight Partners was founded in 2018 and is headquartered in New York, New York.

DEAL STATS #
Overall 1 of 12
Sector (Renewable Energy) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Maryland) 1 of 1
Country (United States) 1 of 9
Year (2017) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 euNetworks

London, United Kingdom

euNetworks is a provider of bandwidth infrastructure services. euNetworks focuses on delivering scalable, fiber-based products and solutions to a customer base that is at the center of technology transformation. euNetworks was founded in 2002 and is based in London, United Kingdom.

Buy -
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