CRA’s Energy experts provided buy-side due diligence analysis for Manulife Investment Management (“Manulife IM”) on its investment in Portland General Electric’s $1.9 billion acquisition of PacifiCorp’s Washington utility operations.
The announced transaction would create a new Washington utility subsidiary of Portland General Electric serving approximately 140,000 customers, with Manulife IM affiliates owning 49% of the new subsidiary. The transaction is subject to regulatory approvals.
CRA’s Anant Kumar, Mayank Saraswat, Chris Russo, Dmitry Balashov, and Chris Nagle led the due diligence efforts supporting Manulife IM with commercial and regulatory due diligence for the proposed acquisition.
