Growth Capital • Utilities

Tiger Infrastructure Partners, KKR, Infracapital, Jera Co. and Tokyo Invest In Zenobe

On November 21, 2017, private equity firm Tiger Infrastructure Partners, private equity firm KKR, infrastructure investor Infracapital, Jera Co. and Tokyo invested in utilities company Zenobe

Investment Context
  • This is Tiger Infrastructure Partners’ 1st, KKR’s 6th, Infracapital’s 1st, Jera Co.’s 1st and Tokyo’s 1st transaction in the Utilities sector.
  • This is Tiger Infrastructure Partners’ 1st, KKR’s 15th, Infracapital’s 3rd, Jera Co.’s 1st and Tokyo’s 1st transaction in the United Kingdom.

Explore All 48 Growth Capital Utilities Deals - Search the Database Free


Investment Summary

Date November 21, 2017
Target Zenobe
Sector Utilities
Investor(s) Tiger Infrastructure Partners
KKR
Infracapital
Jera Co.
Tokyo
Deal Type Growth Capital

Target Company

Zenobe

London, United Kingdom
Zenobe is a developer, owner, and operator of battery storage assets. Zenobe provides a range of energy storage services to national grid electricity transmission with grid-scale batteries as well as charging solutions for EV bus operators and other applications. Zenobe was founded in 2017 and is based in London, United Kingdom.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Investors Overview 5

Investor
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 $75 to $200 million per transaction. Tiger Infrastructure Partners was formed in 2009 and is based in New York City.


Deal Context for Investor #
Overall 9 of 27
Sector: Utilities 1 of 2
Type: Growth Capital 6 of 19
Country: United Kingdom 1 of 5
Year: 2017 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Danskammer

Newburgh, New York, United States

Danskammer is a provider of energy services. The facility provides energy and capacity to the NYISO Lower Hudson Valley capacity region. Danskammer was founded in 2013 and is based in Newburgh, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Crosslake Fibre

Toronto, Ontario, Canada

Crosslake Fibre is an operator and developer of long-haul and middle mile routes in North America and Western Europe. Crosslake’s approach to developing next-generation networks will bring new backbone routes to telecommunications carriers and web-centric customers, and last-mile broadband to consumers. Crosslake Fibre was founded in 2016 and is based in Toronto, Ontario.

Buy -
Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Investor #
Overall 257 of 503
Sector: Utilities 6 of 9
Type: Growth Capital 41 of 82
Country: United Kingdom 15 of 34
Year: 2017 37 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 Aricent

Santa Clara, California, United States

Aricent is a global digital leader in integrated design and engineering services, primarily serving clients of the Communications and Technology, Semiconductor and Software industries. Headquartered in Santa Clara (California), Aricent brings design and engineering capabilities to help its clients get to market faster, transform legacy products to digital, and create new revenue opportunities. Among the company’s assets is the iconic brand frog, which has with world-class design and client experience capabilities, outstanding knowledge and intellectual property for the Telecom, Software and Semiconductors industries. Aricent also has solid experience in shaping large engineering outsourcing deals and key capabilities in key emerging technologies including Artifical Intelligence, Cognitive Systems, Internet of Things and software frameworks.

Sell $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-08 Hyperion M&T

Worthington, Ohio, United States

Hyperion M&T is a manufacturer of industrial tool component products using cemented carbide, cubic boron nitride, and synthetic diamond – high-quality materials known for their hardness and toughness. Hyperion M&T was founded in 2017 and is based in Worthington, Ohio.

Buy -
Investor

Infracapital

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 6.8B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Infracapital is a private investment group focused on acquiring and investing in infrastructure assets and projects across the UK and continental Europe. The Firm looks to acquire controlling stakes in a variety of assets including greenfield, brownfield, and communications infrastructure. Infracapital was established in 2001 and is headquartered in London.


Deal Context for Investor #
Overall 5 of 16
Sector: Utilities 1 of 2
Type: Growth Capital 1 of 3
Country: United Kingdom 3 of 8
Year: 2017 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 WightFibre

Isle of wight, United Kingdom

WightFibre is a telecom company and provides phone, tv and broadband services to homes. WightFibre was founded in 2000 and is based in Isle of wight, United Kingdom.

Buy £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Energetics

Glasgow, United Kingdom

Energetics designs, owns and operates ‘last mile’ electricity and gas connections. Energetics was founded in 2006 and is based in Glasgow, United Kingdom.

Buy -
Investor

Jera Co.

Jera Co., Inc., Japan

Category Company
Founded 2015
Sector Energy Services and Equipment
DESCRIPTION

Jera Co., Inc. is an operator of an energy plant company to provide cutting-edge solutions to the world’s energy issues. Jera Co. was founded in 2015 and is based in Tokyo, Japan.


Deal Context for Investor #
Overall 1 of 1
Sector: Utilities 1 of 1
Type: Growth Capital 1 of 1
Country: United Kingdom 1 of 1
Year: 2017 1 of 1
Investor

Tokyo

Tokyo, Japan

Category Company
Founded 1951
Sector Utilities
Employees38,074
Revenue 6.81T JPY (2025)
DESCRIPTION

Tokyo is engaged in generation, transmission, and distribution of electric power. Tokyo was founded in 1951 and is based in Tokyo, Japan.


Deal Context for Investor #
Overall 2 of 3
Sector: Utilities 1 of 1
Type: Growth Capital 1 of 1
Country: United Kingdom 1 of 1
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-11 Mirant Asia Pacific

Hong Kong, China

Mirant Asia Pacific Ltd.engages in the electric power generation facilities in Asia. Company operates as a subsidiary of Marubeni Corporation and Tokyo Electric Power Company, Incorporated.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-14 Asahi House

Nagoya City, Japan

Asahi House leases and sells portable toilets and other temporary construction tools for construction sites and sells light temporary materials mainly for construction sites. Asahi House was formed in 1975 and is based in Nagoya City, Japan.

Buy -