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
website
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

website


Category Company
Founded 1812
Sector Utilities
Employees19,899
Revenue 14.7B GBP (2021)
DESCRIPTION

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


DEAL STATS #
Overall 13 of 20
Sector (Energy Services and Equipment) 4 of 4
Type (Add-on Acquisition) 6 of 12
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

website


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 25
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 6 of 11
Country (Denmark) 6 of 15
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 formed in 1995 and has offices in Silkeborg (HQ), Aarhus, Aalborg, Kastrup, Lyngby, Oslo, Åndalsnes, Gothenburg, Helsingborg, and Malmö.

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