Private equity deal news and insights from the London newsroom

Brookfield in $1.7bn deal for National Grid’s US onshore renewables biz; Heitman to buy self-storage operator

Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.

We’re kicking off with a big deal this morning, as Brookfield agrees to buy the US onshore renewables business of National Grid.

Next we have Heitman buying a self-storage operator in Sweden and YFM Equity
Partners backing the buyout of an independent audiology specialist in the UK.

Finishing up, we’ve got some extra details on a deal we covered on Friday – Growth Capital Partners’ sale of cybersecurity services company Bridewell to an investor group including Oakley Capital, Eurazeo and Sagard NewGen.

Big energy

Brookfield has agreed to buy the US onshore renewables business of London-headquartered energy company National Grid.

Read more about the deal and private equity's recent activity in sustainable energy in the premium version of the Wire.

Storing up

Heitman has acquired a majority stake in Servistore, self-storage operator in Sweden.

Find out about the company's footprint in the premium version of the Wire.

Sound investment

YFM Equity Partners has backed the buyout of Audiological Science (AS), an independent audiology specialist.

Combination

Growth Capital Partners will make a return of 9.3x for its Fund V with the sale of Bridewell, a cybersecurity services business, to an investor group involving Oakley Capital, Eurazeo and Sagard NewGen.

Read more in the premium version of the Wire.

That’s all from me today. MK Flynn is on US Wire duty later today, while Nina Lindholm will be filling in for me on the Europe Wire tomorrow while I’m at a roundtable hosted by law firm Dechert.

Cheers,

Craig

Read the full Wire commentary on PE Hub ...

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“The Swedish self-storage sector has among the best fundamentals in Europe, combining strong population growth with high urbanization rates and mobility of households.”

— Caleb Mercer, managing director for Heitman’s European real estate investments and portfolio manager for the Heitman European value-add fund series

Today's letter was prepared by Craig McGlashan

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