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Announced

Completed

OVO Energy completed the acquisition of the GB household energy business of SSE for $621m.

Financials

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Transaction Value£500m
Consideration TypeCash, Loan Notes
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy supply

household energy provider

Private

Electricity Distribution

United Kingdom

electrical utilities

Friendly

Acquisition

Single Bidder

Completed

Majority

Synopsis

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OVO Energy, a UK-based independent energy supplier, completed the acquisition of the UK household energy supply business of SSE, a supplier of household utility, for $621m. "SSE and OVO are a great fit. They share our values on sustainability and serving customers. They’ve built an excellent team that I’m really looking forward to working with.” Stephen Fitzpatrick, OVO CEO and Founder.

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