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New Deal


Announced

ContourGlobal agreed to acquire power plants from Western Generation Partners for $837m.

Financials

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Transaction Value£622m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Pending

Private

United States

Acquisition

Single Bidder

Private Equity

power assets

Domestic

Integrated Oil and Gas

Synopsis

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ContourGlobal, a British power generation business, agreed to acquire a portfolio of natural gas-fired and combined heat and power assets from Western Generation Partners, a private equity firm, for $837m. The proposed acquisition is expected to complete in Q1 2021, subject to certain closing conditions. "We are very pleased to announce the continued expansion of our Caribbean and Solutions businesses and the entry into the United States market with this acquisition of contracted combined heat and power and flexible natural gas assets. This transaction fits squarely into our strategic and financial approach to acquisitions, which seeks high quality growth through operationally led strategic acquisitions," Joseph C. Brandt, ContourGlobal President and CEO.

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