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New Deal


Announced

Completed

Octopus Energy completed the acquisition of Zestec Renewable 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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Domestic

Majority

Completed

Single Bidder

solar energy

Friendly

Acquisition

Alternative Fuels

Private

United Kingdom

Synopsis

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Octopus Energy, a renewable energy group, completed the acquisition of Zestec Renewable Energy, a solar developer and asset manager. Financial terms were not disclosed. “There’s a significant untapped opportunity in the UK to generate more cheap green power from businesses' rooftops. This space is fast-growing and it’ll help bring more energy security and lower energy bills, all while allowing companies to reduce their carbon emissions,” Zoisa North-Bond, Octopus Energy Generation CEO.

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