M&As this week: Engie, Gryphon Investors, Greenko Group

8 June 2018 (Last Updated July 27th, 2018 07:41)

Engie has acquired LANGA Group, a renewable energy company based in Brittany, France.

Engie has acquired LANGA Group, a renewable energy company based in Brittany, France.

Based in France, the acquirer company is engaged in providing electricity, natural gas, and energy services, while the target company is an independent producer of renewable energy.

The transaction will help Engie to strengthen its renewable energy business in France.

Gryphon Investors has acquired Shermco Industries from GFI Energy Group, a US-based private equity firm.

The acquisition is anticipated to help Gryphon Investors accelerate its growth and provide better services to its customers.

Gryphon has engaged KeyBanc Capital Markets as the lead financial adviser and Ropes & Gray as the legal adviser for the transaction. Shermco Industries has engaged Harris Williams & Co as the exclusive financial adviser and Kirkland & Ellis as the legal adviser for the transaction.

Gryphon company is a private equity firm, while the target company is engaged in providing electrical testing, maintenance, commissioning and repair services. Both are based in the US.

Greenko Group has agreed a $922m deal to acquire Orange Renewable Power from AT Capital, a private investment firm based in Singapore.

Both the acquirer and target companies are renewable energy companies based in India.

AT Capital has engaged Rothschild & Co SCA as its financial adviser for the transaction.

UK-based TT Electronics has acquired Precision for $27.5m.

“Greenko Group has agreed a $922m deal to acquire Orange Renewable Power from AT Capital.”

Based in the US, the target company is engaged in the design and manufacture of electromagnetic product solutions for critical applications.

TT Electronics will look to expand its global electromagnetic product solution with engineering capabilities in the US, UK and Asia. Its power electronic solutions are used in medical, industrial, aerospace and defence markets in the US.

US-based electric utility company PPL Corporation has acquired Safari Energy.

Based in the US, the target company provides solar energy solutions, develops turnkey solutions for its clients and manages projects through all the phases of development.

The transaction is expected to help PPL advance a cleaner energy future, develop distributed energy resources and gain experience with technologies that improve the efficiency of the energy grid.

PPL has engaged Simpson Thacher & Bartlett as its legal adviser for the transaction.

Sembcorp Industries has agreed to acquire UK Power Reserve (UKPR) from private equity firms Equistone Partners Europe and Inflexion Private Equity Partners for £216m ($286.69m).

The transaction is expected to help Sembcorp Industries enter the flexible distributed energy market.

Based in Singapore, Sembcorp Industries is engaged in the development, ownership and operation of energy and water assets. The target company is a UK-based electrical services company engaged in operating and developing power stations.

Equistone Partners Europe has engaged RBC Capital Markets as its financial adviser and Addleshaw Goddard as legal adviser for the deal.