.
MergerLinks Header Logo

New Deal


Announced

Antin Infrastructure Partners to acquire a majority stake in SNRG from Centrica.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Cross Border

Environmental / Waste Management

Private Equity

United Kingdom

Pending

Acquisition

smart grid networks

Single Bidder

Private

Friendly

Majority

Synopsis

Edit

Antin Infrastructure Partners, a private equity firm, agreed to acquire a majority stake in SNRG, an owner-operator of smart grid systems for residential and industrial & commercial customers, from Centrica, an integrated energy company. Financial terms were not disclosed. With its first project implemented and a proven concept looking to be rolled out, we felt SNRG was the right company to launch our NextGen strategy with, as it focuses on value-added investing in sustainable, scalable and connected assets. We are excited at the opportunity to support SNRG in achieving the next phase of its growth, through the build-out of a significant, identified pipeline of projects procured through its relationships with major developers,” Anand Jagannathan, Antin Senior Partner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US