# Energy Capital Partners III acquires 1.8 GW UK power portfolio from ENGIE and Mitsui

Triton Power, owned by Energy Capital Partners III, acquired a 1.8 GW portfolio of gas-fired power plants in the UK from IPM Holdings (owned by ENGIE and Mitsui) for £205 million enterprise value. The transaction closed on October 31, 2017.

- Type: Acquisition
- Announced: 2017-11-02
- Where: United Kingdom, United Kingdom
- Value: $270.0M (205.0M GBP)
- Status: completed
- Capacity: 1.8 GW
- Products: gas-fired power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Engie](https://endata.com/companies/999.md) (target)
- [Mitsui & Co.](https://endata.com/companies/10710.md) (target)
- [Triton Power](https://endata.com/companies/15652.md) (acquirer)
- [Energy Capital Partners III](https://endata.com/companies/27785.md) (acquirer)

## Sources

- [ecpgp.com](https://www.ecpgp.com/about/news-and-insights/press-releases/2017/energy-capital-partners-iii-acquires-uk-power-portfolio-from-engie-mitsui-co), 2017-11-02: "Triton Power, a newly-formed entity wholly owned by Energy Capital Partners III, has agreed to acquire a 1.8 GW portfolio of primarily gas-fired power plants located in the UK from IPM Holdings (UK) Limited, an entity owned by ENGIE SA (75%) and Mitsui & Co (25%)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.