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New Deal


Announced

Completed

Everfuel and Hy24 formed a €200m joint venture.

Financials

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Transaction Value£176m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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renewable energy equipment

Cross Border

Completed

Single Bidder

Joint Venture

renewable development

Private Equity

Private

Denmark

Majority

Renewable Energy Equipment

Synopsis

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Everfuel, a European green hydrogen energy company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, formed a €200m joint venture to finance the accelerated development of electrolyser capacity across the Nordics. "This is a major step towards making green hydrogen commercially available through an accelerated deployment of our hydrogen hubs. Hy24 is a leading global hydrogen infrastructure investor and the ideal partner and co-investor for us as the number one developer of electrolyser capacity in Europe. Together we can develop green hydrogen infrastructure needed to serve rapidly growing demand from industry and mobility across our core Nordic markets, and firmly move into the ramp-up phase of our long-term plan for growth and value creation," Jacob Krogsgaard, Everfuel Founder and CEO.

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