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  6. Talen Energy Acquires Raven Power

M&A Deal Summary

Talen Energy Acquires Raven Power

On January 3, 2014, Talen Energy acquired renewable energy company Raven Power from Riverstone Holdings

Acquisition Highlights
  • This is Talen Energy’s 1st transaction in the Renewable Energy sector.
  • This is Talen Energy’s 1st transaction in the United States.
  • This is Talen Energy’s 1st transaction in Maryland.

M&A Deal Summary
Date 2014-01-03
Target Raven Power
Sector Renewable Energy
Buyer(s) Talen Energy
Sellers(s) Riverstone Holdings
Deal Type Add-on Acquisition

Target

Raven Power

Baltimore, Maryland, United States
Raven Power is a private independent power company that consists of three, primarily coal-fired, power generation facilities. Raven Power was founded in 2012 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Talen Energy

Allentown, Pennsylvania, United States
Category Company
Founded 2000
Sector Utilities
Employees4,981
Revenue 4.5B USD (2015)
DESCRIPTION

Talen Energy is a competitive energy and power generation companies. Talen Energy was founded in 2000 and is based in Allentown, Pennsylvania.

DEAL STATS #
Overall 1 of 3
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 MACH Gen

Athens, New York, United States

MACH Gen LLC operates and ownes more than 2,500 megawatts of combined-cycle, natural gas-fired generating capacity.

Buy $1.2B

Seller(S) 1

SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 34 of 61
Sector: Renewable Energy M&A 3 of 7
Type: Add-on Acquisition M&A Deals 18 of 32
State: Maryland M&A 2 of 3
Country: United States M&A 27 of 45
Year: 2014 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Abaco Energy

Houston, Texas, United States

Abaco Energy is a provider of oil and gas production, exploration, and other related services. Abaco Energy was formed in 2013 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Rock Oil Holdings

Denver, Colorado, United States

Rock Oil Holdings LLC is a developer oil and gas reserves in the Eagle Ford Shale trend in south Texas.

Buy -
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