GPU Midlands Acquisition

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Situational Analysis

    Post-privatization acquisition of U.K. electricity distribution company. PowerGen bid referred to anti-competitive review (MMC); GPU bid was viewed as “White Knight”

     

Fieldstone Role

 

    Fieldstone initiated and recommended the transaction to GPU International, the non-regulated subsidiary of GPU, Inc. and acted as its exclusive financial advisor.

     

    Fieldstone prepared financial valuation and assisted GPU International in raising its share of a $1.6 billion acquisition loan. Loan facility was structured as a five-year non-recourse term loan with a bullet amortization.