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New Deal


Announced

Completed

A consortium of investors led a $14m investment round in ZEG Power.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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energy technologies

Norway

renewable energy

Completed

Acquisition

Single Bidder

information technology

Private Equity

Private

Friendly

Venture Capital

Cross Border

Alternative Fuels

Synopsis

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A consortium of investors including Nordea, Danske Capital, SPARX Group, Coast Center Base, AP Ventures, and Nysno Climate Investments led a $14m investment round in ZEG Power, a services provider to the alternative energy industry. “This overwhelming interest, from some of the world’s leading technology players, clearly shows how important the efficient production of emission-free hydrogen is for the future. It has been important for us to attract these types of investors, bringing “smart capital” to the table. Having these key players on board provides ZEG Power with financial muscles and the ability to succeed with our ambitious plans, both in Norway and internationally.” says Kathrine K. Ryengen, ZEG Power CEO.

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