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Announced

Completed

M&G-backed Infracapital completed a $134m investment in EnergyNest.

Financials

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Transaction Value£95m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Specialty Chemicals

Friendly

Private Equity

Single Bidder

Minority

Norway

battery manufacture

Completed

Acquisition

Cross Border

Private

Synopsis

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M&G-backed Infracapital, a company which renders infrastructure fund investment services, completed a $134m investment in EnergyNest, a Norwegian technology company. “We are excited to announce this partnership with EnergyNest. Its technology is providing innovative environmental and economic benefits. With Governments around the world putting in place ambitious carbon reduction targets, we see great potential for growth. We are delighted to play a role in providing a solution to store and decarbonise energy whilst creating long-term value for our investors," Andy Matthews, Infracapital Head of Greenfield.

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