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New Deal


Announced

Completed

Consortium of Asterion, Electricite de France and Swiss Life Funds completed the acquisition of Energy Assets Group for $648m.

Financials

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Transaction Value£515m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5.3x
EV/EBITDA14.73x
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Energy / Utility Services

United Kingdom

utilities

metering services

Majority

Private

Friendly

Acquisition

Completed

Cross Border

Private Equity

Synopsis

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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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