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New Deal


Announced

Energisa to acquire Gemini for $159m.

Financials

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Transaction Value£116m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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electric utilities services

Single Bidder

Conventional Electricity

Acquisition

Majority

Friendly

Pending

Brazil

Domestic

Private

Synopsis

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Energisa, a holding company, agreed to acquire Gemini, an operator of electric power transmission company, for $159m. Energisa will acquire all 2.33bn shares in Gemini. Energisa will also take most of Gemini’s net debt. Gemini owns majority stakes in two transmission companies in Brazil’s northern region, and 100% of a transmission company operating in the states of Sao Paulo and Rio de Janeiro.

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