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Announced

NextEra Energy to acquire the operating landfill gas-to-electric facilities portfolio of Energy Power Partners for $1.1bn.

Financials

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Transaction Value£946m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Acquisition

Private Equity

United States

Single Bidder

Majority

Alternative Fuels

Pending

renewable fuels company

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Synopsis

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NextEra Energy, an energy company, agreed to acquire the operating landfill gas-to-electric facilities portfolio of Energy Power Partners, a private market fund manager, for $1.1bn. "This acquisition supports our renewable fuels strategy and our broader vision to lead the decarbonization of the US economy. We are as confident as ever about our long-term growth prospects, and we will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges for 2022 through 2025, while at the same time maintaining our strong balance sheet and credit ratings," John Ketchum, NextEra Chairman, President and CEO.

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