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Announced

Completed

British Columbia Investment Management Corporation completed the investment in Eku Energy from Green Investment Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For33%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software development

Cross Border

United Kingdom

Acquisition

Private Equity

Single Bidder

Software

Private

Friendly

Minority

Completed

Synopsis

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British Columbia Investment Management Corporation, an investment management company, completed the investment in Eku Energy, Green Investment Group's global battery storage platform, from Green Investment Group, a specialist green investor and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. Financial terms were not disclosed. “We are delighted to receive the backing of BCI. BCI’s investment recognises the quality of our team and platform, as well as the size of the opportunity for battery storage technology as the shift to clean energy accelerates. We look forward to working with teams from Macquarie Asset Management’s Green Investment Group and BCI as we develop our global pipeline of opportunities in battery storage and establish Eku Energy as a leading contributor to the energy transition,” Chris Morrison, Eku Energy Interim CEO.

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