M&A Deal Summary

TPG and NGP Acquire Anew Climate

On January 12, 2021, private equity firms TPG and NGP acquired renewable energy company Anew Climate

Acquisition Highlights
  • This is TPG’s 5th and NGP’s 4th transaction in the Renewable Energy sector.
  • This is TPG’s 245th and NGP’s 55th transaction in the United States.
  • This is TPG’s 32nd and NGP’s 34th transaction in Texas.

M&A Deal Summary

Date 2021-01-12
Target Anew Climate
Sector Renewable Energy
Buyer(s) TPG
NGP
Deal Type Buyout (LBO, MBO, MBI)

Target

Anew Climate

Houston, Texas, United States
Anew Climate is an independent marketer of renewable natural gas and environmental commodities in North America. Anew Climate operates in environmental credit markets, specializing in low carbon fuel standard credits, renewable identification numbers, emission credits, and carbon credits through its market and sustainability expertise. Anew Climate was founded in 2005 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 383 of 451
Sector: Renewable Energy M&A 5 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 46 of 53
State: Texas M&A 32 of 36
Country: United States M&A 245 of 298
Year: 2021 M&A 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 PropertyGuru

Singapore, Singapore

PropertyGuru is an online property portal group focused on serving clients across Singapore, Malaysia, Indonesia, and Thailand. PropertyGuru was formed in 2006 and is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Delinea

San Francisco, California, United States

Delinea is a provider of Privileged Access Management (PAM) solutions for the modern, hybrid enterprise. The Delinea Platform seamlessly extends PAM by providing authorization for all identities, granting access to an organization's most critical hybrid cloud infrastructure and sensitive data to help reduce risk, ensure compliance, and simplify security. Delinea was formed in 2004 and is based in San Francisco, California.

Buy -
Buyer

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 61 of 80
Sector: Renewable Energy M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 31 of 37
State: Texas M&A 34 of 42
Country: United States M&A 55 of 70
Year: 2021 M&A 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Axia Energy III

Highlands Ranch, Colorado, United States

Axia Energy III is a company focused on the acquisition and development of oil and gas assets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 ChargePoint

Campbell, California, United States

ChargePoint is an electric vehicle (EV) charging network, with charging solutions in every category EV drivers charge, at home, work, around town and on the road. ChargePoint was founded in 2007 and is based in Campbell, California.

Buy -