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New Deal


Announced

Repsol to acquire ConnectGen from Quantum Capital for $768m.

Financials

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Transaction Value£612m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

renewable energy

power generation

Alternative Fuels

Acquisition

Cross Border

Majority

Private Equity

Private

Pending

Friendly

Single Bidder

Synopsis

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Repsol, a multinational energy and petrochemical company, agreed to acquire ConnectGen, a a multi-technology renewable energy platform, from Quantum Capital, a private equity firm, for $768m. “This transaction is another step in our firm commitment to transforming our industry and becoming a zero net emissions company by 2050, while maintaining our profitable growth, diversification and multi-energy focus and ensuring shareholder returns. The addition of ConnectGen accelerates our commitment to renewable generation in one of the markets with the greatest potential for future growth. In that sense, bringing on board its valuable team of experts is key to ensure our successful future growth with robust profitability in the market,” Josu Jon Imaz, Repsol CEO.

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