M&A Deal Summary |
|
|---|---|
| Date | 2016-09-14 |
| Target | American Electric Power - Four Competitive Power Plants |
| Sector | Renewable Energy |
| Buyer(s) |
The Blackstone Group
ArcLight Capital Partners |
| Sellers(s) | AEP |
| Deal Type | Divestiture |
| Deal Value | 2.2B USD |
| Advisor(s) | Goldman Sachs Citigroup Investment Banking (Financial) Simpson Thacher & Bartlett (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 210 of 336 |
| Sector (Renewable Energy) | 2 of 4 |
| Type (Divestiture) | 20 of 33 |
| Country (United States) | 132 of 211 |
| Year (2016) | 7 of 10 |
| Size (of disclosed) | 56 of 172 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-19 |
Blue Yonder
Scottsdale, Arizona, United States Blue Yonder is end-to-end, digital fulfillment platform provider in artificial intelligence and machine learning (AI/ML) driven supply chain and retail solutions for 4,000 of the world’s leading retail, manufacturing and logistics companies. Blue Yonder enables an Autonomous Supply ChainTM by connecting its cognitive SaaS solutions from end-to-end — across planning, execution and delivery — with a broad partner ecosystem, empowering customers to better predict and shape demand, transform their product delivery and deliver outstanding customer experiences. Blue Yonder’s world-class client brands include 75 of the top 100 retailers, 77 of the top 100 consumer goods companies, and 8 of the top 10 global 3PLs. Blue Yonder was founded in 1985 and is based in Scottsdale, Arizona. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-11 |
Pactera Technology
Beijing, China Pactera Technology is a global consulting and technology services provider headquartered in China. Pactera provides world-class business / IT consulting, solutions, and outsourcing services to a wide range of leading multinational firms through a globally integrated network of onsite and offsite delivery locations in China, the United States, Europe, Australia, Japan, Singapore and Malaysia. Pactera's comprehensive services include business and technology advisory, enterprise application services, business intelligence, application development & maintenance, mobility, cloud computing, infrastructure management, software product engineering & globalization, and business process outsourcing. |
Sell | $930M |
| Category | Infrastructure |
|---|---|
| Founded | 2001 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.
| DEAL STATS | # |
|---|---|
| Overall | 88 of 93 |
| Sector (Renewable Energy) | 8 of 9 |
| Type (Divestiture) | 4 of 6 |
| Country (United States) | 75 of 80 |
| Year (2016) | 4 of 4 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-25 |
LOGOS Resources II
Farmington, New Mexico, United States LOGOS Resources II is a developer of oil and natural gas production assets in the San Juan Basin. LOGOS Resources II is based in Farmington, New Mexico. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-12 |
Thorntons
Louisville, Kentucky, United States Thorntons operates 191 c-stores in Florida, Illinois, Indiana, Kentucky, Ohio, and Tennessee. The company's mission is to provide top-of-the-line food and beverages while making giving back a top priority in every market. Thorntons was founded in 1971 and is headquartered in Louisville, Kentucky. |
Buy | - |
AEP is a utility holding company. AEP owns nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP was founded in 1906 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Renewable Energy) | 1 of 2 |
| Type (Divestiture) | 2 of 4 |
| Country (United States) | 3 of 5 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-01 |
AEP River Operations
St. Louis, Missouri, United States AEP River Operations is a commercial inland barge company delivering about 45 million tons of products annually, including 10 million tons of coal. |
Sell | $550M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-12 |
Sempra Energy - U.S. Renewables Business
San Diego, California, United States Sempra Energy - U.S. Renewables Business owns all or part of seven wind farms and one battery installation in seven states. |
Buy | $1.1B |
