Investment Summary

Sumitomo and Development Bank of Japan Invest In Lordstown Energy Center

On March 19, 2019, Sumitomo and Development Bank of Japan invested in energy services and equipment company Lordstown Energy Center

Investment Highlights
  • This is Sumitomo’s 4th and Development Bank of Japan’s 1st transaction in the Energy Services and Equipment sector.
  • This is Sumitomo’s 9th and Development Bank of Japan’s 1st transaction in the United States.
  • This is Sumitomo’s 1st and Development Bank of Japan’s 1st transaction in Ohio.

Investment Summary
Date 2019-03-19
Target Lordstown Energy Center
Sector Energy Services and Equipment
Investor(s) Sumitomo
Development Bank of Japan
Deal Type Stake Purchase

Target

Lordstown Energy Center

Lordstown, Ohio, United States
Lordstown Energy Center is a combined-cycle natural-gas-fueled electric generation facility with a generation capacity of 940MW. The facility began commercial operations in October 2018, and supplies electricity to the Pennsylvania-New Jersey-Maryland market (hereinafter, “PJM market”), which serves more than 60 million customers as North America’s largest wholesale power market.

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Investor(S) 2

Investor

Sumitomo

Tokyo, Japan
Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.

DEAL STATS #
Overall 33 of 45
Sector (Energy Services and Equipment) 4 of 4
Type (Stake Purchase) 9 of 12
State (Ohio) 1 of 1
Country (United States) 9 of 13
Year (2019) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 MARS

Takasaki, Japan

MARS Co. develops and markets products that feature unique refrigeration technology, which allows perishables to be kept at temperatures under 0˚C without freezing and maintain their freshness. MARS Co. was founded in 2006 and is based in Takasaki, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 SACI-CFPA SA

Paris, France

SACI-CFPA distributes ingredients, develops formulations, and provides solutions to cosmetic manufacturers in France, major market in Europe, and it is acting as one of the largest distributor of its kind that deals exclusively with cosmetic ingredients. SACI-CFPA’s features are the fact that they distributes cosmetic ingredients to over 300 companies including French multinationals having the product portfolio of naturally derived ingredients that are in especially high-demand throughout the European market.

Buy -
Investor

Development Bank of Japan

Tokyo, Japan
Category Company
Sector Financial Services
DESCRIPTION

Development Bank of Japan, Inc. is a provider of financing, investment, and consulting and advisory services in Japan and internationally.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Stake Purchase) 1 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 Hitachi Capital

Tokyo, Japan

Hitachi Capital is a provider of securities brokerage services and financial solutions for retail, motor, business, and consumers. Hitachi Capital was founded in 1957 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 3DEO

Torrance, California, United States

3DEO specializes in metal additive manufacturing with a focus on precision metal 3D printed components. 3DEO is based in Torrance, California.

Buy -
Mergr

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