Sale to Centrica PLC

Technology & Services
Sale to Centrica PLC

Summary

Baird served as the exclusive financial advisor to ENER-G Holdings PLC on this transaction

About

ENER-G Holdings PLC recently announced the sale of its wholly owned subsidiary, ENER-G Cogen International Limited (“ENER-G Cogen” or the “Company”), to Centrica plc (“Centrica”) for £145 million.

ENER-G Cogen has more than 30 years of experience and a strong track record in delivering end-to-end combined heat and power (“CHP”) solutions for industrial and commercial customers, and has around 1,400 units generating more than 500MW under contract with a growing customer book. The Company operates in the United Kingdom, the United States, Hungary, Italy, the Netherlands and Romania and has a strong, diverse customer base across private and public sectors. ENER-G Cogen is headquartered in Salford, United Kingdom.

The Company will form part of Centrica’s new international Distributed Energy & Power (“DE&P”) business and complements Centrica’s existing capability in installing and managing distributed systems for customers in both the United Kingdom and the US. Centrica is headquartered in Windsor, United Kingdom.

For additional information about this transaction, please contact:

Peter Augar +44 (207) 667-8263
John Lanza +1 (414) 298-7669
David Silver +44 (207) 667-8216
Boris Partin +44 (207) 667-8254
Technology & Services
Sale to Centrica PLC
Date
May 2016
Company
ENER-G Cogen International Limited
Transaction
M&A
Sectors
Technology & Services
Target Location
Europe
Acquiror Location
Europe

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