Announced
Financials
Tags
electricity generation
Alternative Electricity
Acquisition
Majority
Cross Border
Slovakia
Private
Pending
Friendly
Single Bidder
Private Equity
Synopsis
CREDITAS Group, a financial services firm, agreed to acquire GGE, a producer and distributor of electricity, from Infracapital, an investor in essential core infrastructure assets. Financial terms were not disclosed. "The management team has been instrumental in the transformation of GGE over the nine years of Infracapital’s ownership. We would like to thank them for their dedication and the fantastic EBITDA growth that has been achieved. The business is in great shape and is now strongly positioned as a key player in the Slovakian energy market. We wish the new owners every success in the future," Mark Chladek, Infracapital Head of Brownfield.
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