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New Deal


Announced

Completed

Vitol led a $100m Series C funding round in FlexGen.

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Private

Single Bidder

Minority

Acquisition

United States

Software

technology services

software provider

Cross Border

Synopsis

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Vitol, a multinational energy and commodities company, led a $100m Series C funding round in FlexGen, an integration services and software technology provider for energy storage solutions, with participation from Altira. "We are excited to have Vitol join our existing investors to help power our continued growth. It is clearer than ever that the future of energy relies on energy storage that is cost-effective, safe, and easy to manage. This latest round of investment expands the advantaged position that FlexGen has with our customers across the utility, IPP, and co-op markets. We are laser-focused on delivering the industry's best software and integration services to our valued clients," Kelcy Pegler, FlexGen CEO.

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