M&A Deal Summary |
|
|---|---|
| Date | 2005-10-05 |
| Target | Sithe Global Power |
| Sector | Utilities |
| Buyer(s) | The Blackstone Group |
| Sellers(s) | Reservoir Capital Group |
| Deal Type | Secondary Buyout |
| Deal Value | 3.1B USD |
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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 | 86 of 331 |
| Sector (Utilities) | 3 of 4 |
| Type (Secondary Buyout) | 8 of 80 |
| State (New York) | 6 of 22 |
| Country (United States) | 62 of 209 |
| Year (2005) | 7 of 11 |
| Size (of disclosed) | 45 of 169 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-03 |
Texas Genco Holdings
Houston, Texas, United States Texas Genco Holdings, Inc., based in Houston, Texas, is an electric power generating company with over 14,000 megawatts of generation capacity. It sells electric generation capacity, energy and ancillary services in one of the nation's largest power markets, the Electric Reliability Council of Texas (ERCOT). Texas Genco has one of the most diversified generation portfolios in Texas, using natural gas, oil, coal, lignite, and uranium fuels. The company owns and operates 60 generating units at 11 electric power-generating facilities and owns a 30.8 percent interest in a nuclear generating plant. |
Sell | $5.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-12 |
Team Health
Knoxville, Tennessee, United States Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was formed in 1979 and is based in Knoxville, Tennessee. |
Buy | $1.0B |
Reservoir Capital is a hedge fund focused on opportunistic investment opportunities in a variety of sectors and securities. In addition to investing directly in securities, Reservoir will consider private equity like investments as well. Reservoir Capital Group was formed in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Utilities) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 3 |
| State (New York) | 1 of 1 |
| Country (United States) | 1 of 3 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-01 |
Sithe Global Power
New York, New York, United States Sithe Global Power is an international development company engaged in the development, construction, acquisition and operation of electric generation facilities in attractive markets around the world. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-13 |
Amerilife
Clearwater, Florida, United States Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida. |
Buy | - |
