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Announced

Alteration Earth to acquire Verdant Earth Technologies for £125m.

Financials

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Transaction Value£125m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

Acquisition

Private

Pending

Single Bidder

renewable energy

Alternative Fuels

Cross Border

Majority

Friendly

Synopsis

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Alteration Earth, a special purpose acquisition company, agreed to acquire Verdant Earth Technologies, a green energy solutions company, for £125m ($161m). "This is a very exciting opportunity to bring an asset backed, renewable energy business with a clear, scalable, and deliverable growth plan to the public markets. The Verdant business aligns perfectly with ALTE's ambition to change the way we use earth's resources for the better," Matthew Beardmore, ALTE Director.

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