M&A Deal Summary

Pennon Group Acquires Sembcorp Bournemouth Water Investment

On April 16, 2015, Pennon Group acquired utilities company Sembcorp Bournemouth Water Investment from Sembcorp Industries for 100M GBP

Acquisition Highlights
  • This is Pennon Group’s 1st transaction in the Utilities sector.
  • This is Pennon Group’s 0th largest (disclosed) transaction.
  • This is Pennon Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-04-16
Target Sembcorp Bournemouth Water Investment
Sector Utilities
Buyer(s) Pennon Group
Sellers(s) Sembcorp Industries
Deal Type Divestiture
Deal Value 100M GBP

Target

Sembcorp Bournemouth Water Investment

United Kingdom
Sembcorp Bournemouth Water Investment Ltd. is a water company supplying drinking water to a population of approximately 440,000 people.

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Buyer(S) 1

Buyer

Pennon Group

Exeter, United Kingdom

website

Category Company
Founded 1989
Sector Utilities
Employees3,000
Revenue 792M GBP (2022)
DESCRIPTION

Pennon Group is an environmental utility infrastructure company at the top end of the FTSE 250 which owns South West Water Limited and Viridor Limited. Pennon Group was founded in 1989 and is based in Exeter, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Viridor

Somerset, United Kingdom

Viridor is a UK waste processing and recycling company, operating 10 Energy-from-Waste (“EfW”) plants as well as Recycling facilities, a Collections business, and Landfills. Viridor was founded in 1956 and is based in Somerset, United Kingdom.

Sell £4.2B

Seller(S) 1

SELLER

Sembcorp Industries

Singapore, Singapore

website

Category Company
Founded 1998
Sector Utilities
Employees5,619
Revenue 7.8B SGD (2022)
DESCRIPTION

Sembcorp Industries is a provider of energy, water and marine group operating across six continents worldwide. Sembcorp Industries was founded in 1998 and is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 UK Power Reserve

London, United Kingdom

UK Power Reserve Ltd. is an independent operator, generating reserve power in times of critical need via its 185MW portfolio. UK Power Reserve Ltd. highly flexible distributed energy generating assets are spread across 32 locations in England and Wales and comprise 533 MW in operation with a further 480 MW in construction and development expected to come online by 2019.

Buy £216M
Mergr

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