M&A Deal Summary

Schneider Electric Acquires Power Measurement

On April 1, 2005, Schneider Electric acquired electrical equipment company Power Measurement from GFI Energy Ventures and Oaktree Capital Management

Acquisition Highlights
  • This is Schneider Electric’s 4th transaction in the Electrical Equipment sector.
  • This is Schneider Electric’s 1st transaction in Canada.
  • This is Schneider Electric’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2005-04-01
Target Power Measurement
Sector Electrical Equipment
Buyer(s) Schneider Electric
Sellers(s) GFI Energy Ventures
Oaktree Capital Management
Deal Type Add-on Acquisition

Target

Power Measurement

Saanichton, British Columbia, Canada
Power Measurement Holdings, Inc. is an energy information technology company and a provider of enterprise energy management systems for energy suppliers and consumers worldwide. Power Measurement's web-enabled software and intelligent metering and control devices measure, evaluate, and help manage power consumption and conditions.

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Buyer(S) 1

Buyer

Schneider Electric

Rueil Malmaison, France
Category Company
Founded 1836
Sector Electrical Equipment
Employees164,640
Revenue 35.9B EUR (2023)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.

DEAL STATS #
Overall 8 of 41
Sector (Electrical Equipment) 4 of 14
Type (Add-on Acquisition) 7 of 37
State (British Columbia) 1 of 2
Country (Canada) 1 of 3
Year (2005) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-13 KeyMRO SAS

Cedex, France

KeyMRO, Procurement Services Leader in Europe and North America. The strategic sourcing market represents a multi-billion dollar emerging market opportunity. KeyMRO with its own advanced consulting methodologies and emerging technologies, such as real-time processing, collaboration tools and data integration, enabling IBM to offer real business optimization value to clients in a number of industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-30 Juno Lighting

Chicago, Illinois, United States

Juno Lighting is a specialist in the design, manufacturing and marketing of recessed, track, HID and fluorescent fixtures for commercial and residential use.

Buy $610M

Seller(S) 2

SELLER

GFI Energy Ventures

Los Angeles, California, United States
Category Private Equity Firm
Founded 1995
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

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 8 of 30
Sector (Electrical Equipment) 3 of 5
Type (Add-on Acquisition) 5 of 18
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-26 Trans-Elect Development

Reston, Vermont, United States

Trans-Elect Development Co. LLC is an independent transmission company, focused on the acquisition and operation of transmission systems, the development and construction of new transmission lines, and the upgrade of existing transmission systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-30 NORESCO

Westborough, Massachusetts, United States

NORESCO LLC is an energy service company. The Company provides comprehensive energy-management related design, construction, financing and operations solutions for capital projects in the education, institutional, government, public housing, healthcare, commercial, and industrial sectors.

Buy -
SELLER

Oaktree Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1995
Size Mega
Type Sector Agnostic
DESCRIPTION

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 9 of 77
Sector (Electrical Equipment) 3 of 8
Type (Add-on Acquisition) 5 of 31
State (British Columbia) 2 of 2
Country (Canada) 2 of 3
Year (2005) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-26 Trans-Elect Development

Reston, Vermont, United States

Trans-Elect Development Co. LLC is an independent transmission company, focused on the acquisition and operation of transmission systems, the development and construction of new transmission lines, and the upgrade of existing transmission systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 American Ref-Fuel

Montvale, New Jersey, United States

American Ref-Fuel Co. LLC is a waste-to-energy business is operated through subsidiaries whose equity is held by two separate entities, MSW Energy Holdings LLC (MSW I) and MSW Energy Holdings II LLC (MSW II)

Sell $740M
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