M&A Deal Summary

Tiger Infrastructure Partners Acquires Forsa Energy

On November 11, 2020, private equity firm Tiger Infrastructure Partners acquired utilities company Forsa Energy from Riverstone Holdings

Acquisition Highlights
  • This is Tiger Infrastructure Partners’ 2nd transaction in the Utilities sector.
  • This is Tiger Infrastructure Partners’ 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2020-11-11
Target Forsa Energy
Sector Utilities
Buyer(s) Tiger Infrastructure Partners
Sellers(s) Riverstone Holdings
Deal Type Secondary Buyout
Advisor(s) Alexa Capital Ltd. (Financial)
Burges Salmon
Shepherd and Wedderburn (Legal)

Target

Forsa Energy

Greenock, United Kingdom
Forsa Energy is an independent power producer platform focused on providing flexible power solutions to support the UK’s transition to renewable energy. The company’s current portfolio of assets, located in the North of England and Scotland, is comprised of over 250 MW of highly flexible gas-fired reciprocating engines across operational, construction-ready and advanced development sites, all of which have secured 15-year capacity market contracts. Forsa Energy is based in Greenock, Scotland.

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Buyer(S) 1

Buyer
DESCRIPTION

Tiger Infrastructure Partners is a private equity firm focused on acquiring controlling stakes in infrastructure companies in the communications, energy, and transportation sectors. Tiger will consider opportunities throughout North America and Europe and looks to commit $25 to $100 million per transaction. Tiger Infrastructure Partners was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 15 of 22
Sector (Utilities) 2 of 2
Type (Secondary Buyout) 1 of 4
Country (United Kingdom) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Etix Everywhere

Luxembourg, Luxembourg

Etix Everywhere designs, builds, owns and operates highly customizable modular data centers. Etix Everywhere has developed a unique concept for data centers which addresses growing global demand for reliable communications infrastructure, outsourced IT, cloud, data handling, and security.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-30 Sunlight Financial

New York, New York, United States

Sunlight Financial provides long-term loans to finance the installation of residential rooftop solar systems. Sunlight offers its financing products to market-leading installers and large equipment distribution companies. The company partners with solar and battery installers, equipment distributors and sales organizations nationwide to help homeowners save money. Sunlight Financial was founded in 2014 and is based in New York, New York.

Sell -

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 54 of 58
Sector (Utilities) 2 of 2
Type (Secondary Buyout) 4 of 4
Country (United Kingdom) 6 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 International-Matex Tank Terminals

New Orleans, Louisiana, United States

International-Matex Tank Terminals, Inc. (IMTT) is a provider of handling and storage of bulk liquid products through its ownership and operation of ten terminals in the U.S. and two additional facilities in Canada. The terminals handle petroleum (primarily refined), chemical, and vegetable and animal oil products for customers including refiners, commodities traders, and specialty chemical manufacturers. Customers retain ownership of the bulk liquids, as well as responsibility for ensuring those products. IMTT is the lessor of its more than 45 million barrels of storage capacity. International-Matex Tank Terminals was formed in 1939 and is based in New Orleans, Louisiana.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 T-REX Group

New York, New York, United States

T-REX Group combines sophisticated cloud-based SaaS technology with big data and asset class expertise to drive down operating and capital expense, reduce risk exposure and enhance performance for complex investments. T-REX Group was founded in 2012 and is headquartered in New York City.

Buy -