M&A Deal Summary

Centrica Acquires Neas Energy A/S

On April 21, 2016, Centrica acquired energy services and equipment company Neas Energy A/S from VIA equity a/s for 1.6B DKK

Acquisition Highlights
  • This is Centrica’s 4th transaction in the Energy Services and Equipment sector.
  • This is Centrica’s 3rd largest (disclosed) transaction.
  • This is Centrica’s 1st transaction in Denmark.

M&A Deal Summary
Date 2016-04-21
Target Neas Energy A/S
Sector Energy Services and Equipment
Buyer(s) Centrica
Sellers(s) VIA equity a/s
Deal Type Add-on Acquisition
Deal Value 1.6B DKK

Target

Neas Energy A/S

Aalborg, Denmark
Neas Energy A/S is a provider of energy management and revenue optimisation services form decentralised third-party owned assets. Neas Energy was formed in 1997 and is based in Aalborg, Denmark.

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Buyer(S) 1

Buyer

Centrica

Windsor, United Kingdom
Category Company
Founded 1812
Sector Utilities
Employees21,432
Revenue 26.5B GBP (2023)
DESCRIPTION

Centrica is a utility company that serves customers in the UK, North America, and Norway. Centrica aims to meet our customers’ energy needs and deliver long-term value to our shareholders. Centrica was founded in 1812 and is headquartered in Windsor, England.

DEAL STATS #
Overall 13 of 21
Sector (Energy Services and Equipment) 4 of 4
Type (Add-on Acquisition) 6 of 13
Country (Denmark) 1 of 1
Year (2016) 1 of 3
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-15 CQ Energy Canada Partnership

Canada

CQ Energy Canada Partnership (CQE), the joint venture between Centrica plc and Qatar Petroleum International (“QPI”),

Buy CA$1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 ENER-G Cogen International

Salford, United Kingdom

ENER-G Cogen International Ltd. delivers solutions for a variety of customers including hospitals and universities through to supermarkets and leisure centres. Company focus is on the design, installation, operation and maintenance of gas-fuelled combined heat and power systems, sited on industrial and commercial premises. Their core product catalogue is made up of a proprietary range of standard CHP units from 25kW to 530kW.

Buy £145M

Seller(S) 1

SELLER

VIA equity a/s

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

VIA equity a/s is a private equity firm focused on buyouts and growth capital investments in Northern European companies. VIA can commit up to €35 million per investment and seeks companies generating revenues of €10 to €100 million. VIA will consider investing across a range of sectors, however, the Firm prefers opportunities in the technology, media, and telecom industries. VIA equity was formed in 2006 and is based in Hellerup, Denmark.

DEAL STATS #
Overall 12 of 27
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 6 of 11
Country (Denmark) 6 of 16
Year (2016) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 EnviDan

Silkeborg, Denmark

EnviDan is an environmental engineering company that delivers holistic solutions within water, wastewater, energy, and the environment, as well as financial consultancy combined with a broad palette of software solutions for the Danish, Norwegian, and Swedish utilities sector. EnviDan was founded in 1995 and has offices in Silkeborg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Retail Support International

Koge, Denmark

DdD Retail A/S is a provider of Point Of Sale software and hardware solutions. DdD's software suite is designed as an easy-to-install, 'plug and play' solution which is delivered via the cloud and licensed on a monthly, "consumption" basis.

Sell £8M
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