Pennon Group - M&A Summary and Business Overview

UtilitiesCompany

Pennon Group M&A Summary

Pennon Group has acquired 1 company. It has also divested 1 asset.

Pennon Group’s largest acquisition to date was in 2015, when it acquired Sembcorp Bournemouth Water Investment for $154M. It’s largest disclosed sale occurred in 2020, when it sold Viridor to KKR for $6.5B. The Company’s most targeted sectors include utilities (100%).

Pennon Group Business Overview

Where is Pennon Group headquartered?

Pennon Group is headquartered in Exeter, United Kingdom.

What is Pennon Group’s revenue?

Pennon Group disclosed revenue of 792M GBP for 2022 and 624M GBP for 2021.

How many employees does Pennon Group have?

Pennon Group has 3,000 employees.

What sector is Pennon Group in?

Pennon Group is an utilities company.

When was Pennon Group founded?

Pennon Group was founded in 1989.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Pennon Group

Pennon Group Plc

Peninsula House, Rydon Lane,
Exeter, EX2 7HR
United Kingdom,
+44 13 9244 6677
www.pennon-group.co.uk

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $154M $154M
Sell (0.2/yr) # - 1 - - - - 1
vol $6.5B $6.5B
  2

Most Recent M&A

Company Date Value Type
Viridor Ltd. 2020-03-18 6.5B GBP Divestiture
Somerset, United Kingdom · www.viridor.co.uk
Sembcorp Bournemouth Water Investment Ltd. 2015-04-16 154M GBP Divestiture
, United Kingdom
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Utilities 1 (100%) 154M (100%) - -
Environmental - - 1 (100%) 6.5B (100%)
Total 1 $154M 1 $6.5B

By Geo

State/Country Buy Value Sell Value
United Kingdom 1 154M 1 6.5B
Total 1 $154M 1 $6.5B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
 1
Morgan Stanley
 1

Deal Values

buy # Total
$100M to $1B 1 $154M
TOTAL $154M
Largest Sembcorp Bournemouth Water Investment Ltd.
$154M (2015-04-16)
sell # Total
> $1B 1 $6.5B
TOTAL $6.5B
Largest Viridor Ltd.
$6.5B (2020-03-18)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Utilities

Revenue

792   27% 2022
624   3% 2021
637   57% 2020
1,478   6% 2019
1,396   4% 2018
1,353   1% 2017
1,352   1% 2016
1,357   3% 2015
1,321   10% 2014
1,201   2013
(millions of GBP) Show More Show Less

Employees

3,000

Established

1989

Public

London Stock Exchange: PNN

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