M&A Deal Summary

SVP Global Acquires GenOn

On December 18, 2018, distressed investor SVP Global acquired energy services and equipment company GenOn

Acquisition Highlights
  • This is SVP Global’s 1st transaction in the Energy Services and Equipment sector.
  • This is SVP Global’s 2nd transaction in the United States.
  • This is SVP Global’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-12-18
Target GenOn
Sector Energy Services and Equipment
Buyer(s) SVP Global
Deal Type Special Situations/Distressed

Target

GenOn

Houston, Texas, United States
GenOn is a provider of generators wholesale electricity in the United States. With power generation facilities located in key regions of the country and a generation portfolio of approximately 24,600 megawatts, GenOn is helping meet the nation’s electricity needs. GenOn was founded in 1982 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

SVP Global

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Strategic Value Partners is an opportunistic asset management firm focused on distressed opportunities. The Firm targets distressed, deep-value opportunities where it typically takes an active role in transactions, whether driving the financial restructuring of companies facing bankruptcy, on ad hoc or formal creditors’ committees, or leading the turnaround of a business by driving the strategic and operational direction of the company. Strategic Value Partners was established in 2001 and is headquartered in Greenwich, Connecticut.

DEAL STATS #
Overall 4 of 15
Sector (Energy Services and Equipment) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Vita Group

Manchester, United Kingdom

Vita Group is a manufacturer and processes a wide assortment of polymers, including cellular foams, synthetic fiber fillings, specialized and coated textiles, and polymer compounds and moldings. The company's products are used in furniture, carpet underlay, bedding, apparel, automobile seat cushions, and more. Vita Group is made up of three divisions: the industrial group makes thermoplastic sheet goods, the fiber and fabric division makes products used in clothing and construction industries, and the foam group makes cellular polymer products. Vita Group was founded in 1949 and is based in Manchester, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Purefield Ingredients

Russell, Kansas, United States

Purefield Ingredients is a domestic supplier of wheat gluten in the United States. The company also manufacturers biofuels. Purefield Ingredients comprises of two integrated plants in Russell, Kansas (vital wheat gluten manufacturing facility and cost-efficient ethanol production facility). Purefield Ingredients is based in Russell, Kansas.

Buy -
Mergr

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