Deal Details
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.
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- Date
- May 2016
- Company
- ENER-G Cogen International Limited
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- Europe
- Acquiror Geography
- Europe
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