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New Deal


Announced

Origin Energy, Tokyo Gas, CPP Investments, and Generation Investment Management to invest $800m in Octopus Energy.

Financials

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Transaction Value£625m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

Cross Border

Private Equity

Acquisition

Pending

Private

Single Bidder

United Kingdom

Multi-Utilities

electricity distributor

gas distribution

gas supply

Synopsis

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Origin Energy, Tokyo Gas, CPP Investments, and Generation Investment Management, agreed to invest $800m in Octopus Energy, a UK-based retail electricity and gas supplier specialising in sustainable energy. “Octopus Energy’s focus on customer service and technology has not only driven us to market leadership in UK power, but we’ve built the UK’s leading specialist electric vehicle leasing business, in just two years we’ve almost doubled our renewable generation portfolio to $7.6bn (£6bn), and tripled the contracted accounts on our technology platform Kraken from 17m to 52m," Greg Jackson, Octopus Energy Group Founder.

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