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New Deal


Announced

CVC to acquire a 50% stake in Gridspertise from Enel Group for $487m.

Financials

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Transaction Value£439m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Minority

Cross Border

Private

Electricity Distribution

electricity infrastructure

Private Equity

Single Bidder

Italy

Pending

smart grid networks

Acquisition

Synopsis

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CVC Capital Partners, a private equity firm, agreed to acquire a 50% stake in Gridspertise, a smart grid operator, from Enel Group, an energy company, for $487m. "We are excited about this investment and look forward to working closely with Enel and the management team led by Robert Denda to further improve Gridspertise’s go-to-market capabilities, diversify the current geographical footprint and optimise operational performance," Andrea Ferrante, CVC Senior Managing Director.

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