Alstom Power Conversion

Alstom announced the disposal of its Power Conversion unit ("Alstom Power Conversion") to Barclays Private Equity for an undisclosed amount on 10 November 2005.

With sales of more than £500m, Alstom Power Conversion applies advanced technologies in high power motors and generators, drives and automation, using its experience in project management and system integration in order to provide the power and control for industrial processes and marine applications worldwide. It is the "final link" in the power supply chain, focusing on converting electrical energy into productive performance and targets mainly the marine and offshore, metals, oil & gas and wind energy industries.

Canaccord Genuity worked alongside the management of APC to prepare this division for a LBO, advised on the selection of the most suitable financial sponsors and negotiated with them the management package.

Canaccord Genuity acted as financial advisor to Alstom Power Conversion and its management.