Investment Summary

Trilantic North America, TPG and Greenbelt Capital Partners Invest In Intersect Power

On January 1, 2020, private equity firms Trilantic North America, TPG and Greenbelt Capital Partners invested in renewable energy company Intersect Power

Investment Highlights
  • This is Trilantic North America’s 1st, TPG’s 3rd and Greenbelt Capital Partners’ 1st transaction in the Renewable Energy sector.
  • This is Trilantic North America’s 36th, TPG’s 235th and Greenbelt Capital Partners’ 5th transaction in the United States.
  • This is Trilantic North America’s 1st, TPG’s 1st and Greenbelt Capital Partners’ 1st transaction in Oregon.

Investment Summary

Date 2020-01-01
Target Intersect Power
Sector Renewable Energy
Investor(s) Trilantic North America
TPG
Greenbelt Capital Partners
Deal Type Growth Capital

Target

Intersect Power

Beaverton, Oregon, United States
Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its customers in retail and wholesale energy markets. Intersect Power develops some of the world's largest clean energy resources providing low-carbon electricity, fuels, and related products to customers across North America. Intersect Power was founded in 2016 and is based in Beaverton, Oregon.

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Investor(S) 3

Investor

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 38 of 55
Sector (Renewable Energy) 1 of 1
Type (Growth Capital) 10 of 17
State (Oregon) 1 of 2
Country (United States) 36 of 53
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Outdoor Living Supply

Rochester , Minnesota, United States

Outdoor Living Supply is a distribution platform for outdoor living products with a focus on hardscapes. Outdoor Living Supply was founded in 2020 and is based in Rochester, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Gorilla Commerce

Westport, Connecticut, United States

Gorilla Commerce is a direct-to-consumer home, business, and pet product development platform operating at the intersection of creativity and analytics to create and provide obsession-worthy, high-quality products at reasonable prices. By utilizing a data-driven approach to select product categories, and a systematic process to evaluate underlying market characteristics, the company provides affordable, durable, and standout products that make everyday life easier for consumers. Gorilla Commerce is based in Westport, Connecticut.

Buy -
Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B 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 364 of 421
Sector (Renewable Energy) 3 of 6
Type (Growth Capital) 55 of 67
State (Oregon) 1 of 1
Country (United States) 235 of 276
Year (2020) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Frank Group

Newcastle Upon Tyne, United Kingdom

Frank Group is a global niche IT recruitment business that focuses exclusively on the enterprise software market. Frank Group was founded in 2007 and is based in Newcastle Upon Tyne, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Denali

Russellville, Arkansas, United States

Denali is a provider of specialty waste and environmental recycling and disposal services in the United States, performing mission-critical daily organic waste collection, processing, recycling, and disposal for municipal, industrial food processing and downstream industrial customers. Denali is based in Russellville, Arkansas.

Buy -
Investor
DESCRIPTION

Greenbelt Capital Partners is a specialist investment firm focused on the energy sector. The Firm typically seeks control investments, and commits $50 to $150 million per transaction. Greenbelt considers a variety of transaction types, including management buyouts, generational transitions, recapitalizations, and growth equity. Greenbelt Capital Partners was founded in 2021 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 5 of 11
Sector (Renewable Energy) 1 of 2
Type (Growth Capital) 2 of 6
State (Oregon) 1 of 2
Country (United States) 5 of 11
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 AEGIS Hedging

The Woodlands, Texas, United States

AEGIS Hedging enables companies to manage their commodity price and interest rate risk through leading software and advisory capabilities. AEGIS provides unique insight into commodity and rate markets, develops and executes cash flow protection strategies, and manages all hedge program activities through a SaaS-enabled E/CTRM and analytics platform. AEGIS Hedging was founded in 2013 and is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 SemaConnect

Bowie, Maryland, United States

SemaConnect is a provider of electric vehicle charging stations and network software management across North America. SemaConnect was founded in 2008 and is based in Bowie, Maryland.

Buy -