Announced
Completed
Financials
Tags
Single Bidder
Energy / Utility Services
United Kingdom
utilities
metering services
Majority
Private
Friendly
Acquisition
Completed
Cross Border
Private Equity
Synopsis
Asterion Industrial Partners, Spanish infrastructure-investment fund, Electricite de France, French utility, and Swiss Life Funds Global Infrastructure Opportunities completed the acquisition of the UK company Energy Assets Group from Alinda Capital Partners and Hermes Investment Management, for $648m. The acquisition of EAG represents a unique opportunity to invest in a high-quality core and critical energy infrastructure platform in the United Kingdom. The company generates revenues from stable, long-term contractual arrangements with credit-worthy counterparties. As an accredited meter asset manager, meter operator and data collector, EAG works alongside major energy suppliers, and leading real estate developers and brands.
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