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Announced

Completed

ENEOS completed the acquisition of Japan Renewable Energy from Goldman Sachs and GIC for $1.8bn.

Financials

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Transaction Value£1,321m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales9x
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Majority

Private Equity

Japan

Domestic

Alternative Electricity

power generation

renewable energy

Friendly

Private

Acquisition

Completed

Synopsis

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ENEOS, a Japanese petroleum and metals conglomerate, completed the acquisition of Japan Renewable Energy, a renewable energy power generation company, from private equity firms Goldman Sachs Asset Management and GIC, for $1.8bn. “We are proud to have led the creation of JRE and built the company into one of the leading renewable energy producers in Japan. We thank JRE’s management team and employees for their amazing performance and achievements and wish them continued success," Philippe Camu, Goldman Sachs Global Co-Head of the Infrastructure.

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