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Announced

Completed

CPPIB completed a $550m investment in Octopus Energy Group.

Financials

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Transaction Value£416m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Cross Border

Multi-Utilities

gas distribution

gas supply

electricity distributor

United Kingdom

Private

Private Equity

Completed

Friendly

Acquisition

Single Bidder

Synopsis

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Canada Pension Plan Investment Board, an investment management company, completed a $550m investment in Octopus Energy Group, a global clean energy tech pioneer. "Octopus will continue to do all we can to help customers through the energy crisis, whilst investing in better solutions to make sure it never happens again. We are in grasping distance of a clean, cheap, secure energy system – but it needs continued boldness from innovators like Octopus, and the backing of visionary investors like CPP Investments, Generation, Origin and Tokyo Gas," Greg Jackson, Octopus Energy Group CEO and Founder.

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