M&A Deal Summary

Origin Acquires Sun Retail Pty.

On November 27, 2006, Origin acquired utilities company Sun Retail Pty. for 1.2B AUD

Acquisition Highlights
  • This is Origin’s 1st transaction in the Utilities sector.
  • This is Origin’s largest (disclosed) transaction.
  • This is Origin’s 1st transaction in Australia.

M&A Deal Summary

Date 2006-11-27
Target Sun Retail Pty.
Sector Utilities
Buyer(s) Origin
Deal Type Add-on Acquisition
Deal Value 1.2B AUD

Target

Sun Retail Pty.

Brisbane, Australia
Sun Retail Pty. Ltd. is an incumbent electricity supplier in the south-east Queensland growth corridor, supplying some 840,000 electricity customer accounts and 55,000 LPG customers.

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Buyer(S) 1

Buyer

Origin

Barangaroo, Australia

website


Category Company
Founded 1946
Sector Oil/Gas Exploration
Employees5,200
Revenue 12.9B AUD (2020)
DESCRIPTION

Origin is a company involved in gas exploration and production, power generation and energy retailing. Origin was founded in 1946 and is based in Barangaroo, Australia.


DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Australia) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Babcock & Brown Power - Uranquinty Power Station

United States

Babcock & Brown Power's Uranquinty Power Station is a 640 MW gas-fired power station.

Buy $673M