Professional M&A intelligence for the energy transition
RWE has agreed to acquire indirect shares in Amprion, Germany's transmission system operator, increasing its total stake to 55% for €3.6 billion. The transaction will be fully financed through an equity capital raise of approximately €4 billion, with cornerstone investors Qatar Investment Authority and Norges Bank Investment Management committing €1 billion. RWE will invest an […]
MacLean Power Systems and Power Grid Components announced the closing of their merger. Funds affiliated with Blackstone Energy Transition Partners and Blackstone’s flagship private equity strategy have become the majority owner of the combined company. In connection with the transaction, an affiliate of Centerbridge Partners, will be making a new investment into the combined company. […]
ALLETE completed its acquisition by a partnership led by CPP Investments and Global Infrastructure Partners, which purchased all outstanding shares of the company for $67 per share in cash, valuing the transaction at about $6.2 billion including debt. Under the terms of the merger agreement, CPP Investments and GIP acquired all the outstanding common shares […]
Blackstone Infrastructure agreed to acquire TXNM Energy in an all-cash transaction valued at about $11.5 billion including net debt, offering $61.25 per share, a 23% premium to the company’s 30-day VWAP. The deal will support investment in electricity infrastructure through TXNM subsidiaries PNM and TNMP, and is expected to close in the second half of […]
Ardian agreed to acquire 100% of Energia Group from I Squared Capital. Energia operates across the entire energy value chain in Ireland and Northern Ireland, serving almost 900,000 homes and businesses. It is one of the longest established providers of renewable electricity in Ireland, supplying approximately 17% of the island of the country's total electricity […]