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New Deal


Announced

Octopus Energy to acquire Bulb Energy.

Financials

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

Tags

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Private

United Kingdom

Alternative Electricity

Acquisition

Single Bidder

Domestic

energy supply

Majority

Pending

Friendly

Synopsis

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Octopus Energy, a renewable energy group, agreed to acquire Bulb Energy, a renewable electricity provider. Financial terms were not disclosed. "We take our responsibilities very seriously. We will work unbelievably hard to deliver value for taxpayers and to look after Bulb’s staff and customers. We started off as rivals but have always shared the same mission – driving a greener, cheaper energy system with people at the heart. We know how important this is to Bulb’s loyal customers and dedicated staff, and are determined that Octopus can provide a stable home for all,” Greg Jackson, Octopus Energy CEO and Founder.

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