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New Deal


Announced

Altri, Greenvolt and Equitix to acquire Tilbury Green Power from ESB and UKGIP for $349m.

Financials

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Transaction Value£246m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales9x
EV/EBITDA14x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Renewable Energy Equipment

Cross Border

United Kingdom

Friendly

Private

Majority

biomass power

Pending

Private Equity

Synopsis

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Altri, a firm that manages forests and produces and sells pulp, Greenvolt, a firm that operates in the renewable energy sector in Portugal, and Equitix, an investment company, agreed to acquire Tilbury Green Power, an operator of a renewable biomass power plant, from ESB and UKGIP, a firm that takes over, manages and divests a number of investments, for $349m. ESB’s divestment of its stake comes as a result of a recent strategic review in relation to its existing investment portfolio. ESB congratulates the new owners of Tilbury Green Power on their successful acquisition.

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