Emera $10.4 billion acquisition of TECO Energy

Overview:

• Emera, a Canadian energy and services company based in Halifax, Nova Scotia, acquired TECO Energy, an energy holding company, for $10.4 billion. 
• JP Morgan Securities acted as lead arranger in connection to a bridge facility to finance the acquisition. 
• Morgan Stanley acted as TECO Energy's lead strategic and financial advisor and Moelis & Company acted as TECO Energy's financial advisor. 
• JP Morgan acted as Emera's lead financial advisor and Scotiabank acted as Emera's financial advisor.

Rani Mehta - Journalist