GPU Midlands Acquisition
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Situational AnalysisPost-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.
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