M&A Deal Summary

AGL Acquires Solgen Energy Group

On March 31, 2021, AGL acquired renewable energy company Solgen Energy Group from Anchorage Capital Partners

Acquisition Highlights
  • This is AGL’s 1st transaction in the Renewable Energy sector.
  • This is AGL’s 2nd transaction in Australia.

M&A Deal Summary

Date 2021-03-31
Target Solgen Energy Group
Sector Renewable Energy
Buyer(s) AGL
Sellers(s) Anchorage Capital Partners
Deal Type Add-on Acquisition

Target

Solgen Energy Group

St Leonards, Australia
Solgen Energy Group is Australia’s first and largest commercial solar energy provider. Solgen Energy Group engages in commercial and industrial solar PV installations in Australia, with many solar installations completed for high profile commercial and Government clients.

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Buyer(S) 1

Buyer

AGL

Sydney, Australia

Category Company
Founded 1837
Sector Utilities
Employees3,988
Revenue 13.8B AUD (2025)
DESCRIPTION

AGL is an operator and developer of renewable energy generation in the country. AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL was founded in 1837 and is based in Sydney, Australia.


DEAL STATS #
Overall 2 of 3
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Australia M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Macquarie Generation

Lambton, Australia

Macquarie Generation is a producer of electricity in New South Wales. It generates power through biomass co-firing, solar, hydro, and turbine projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-23 Everty

Mascot, Australia

Everty is an EV software platform, that delivers comprehensive, full-service charging and energy management solutions for electric vehicles. Everty was formed in 2016 and is headquartered in Mascot, New South Wales.

Buy -

Seller(S) 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


DEAL STATS #
Overall 11 of 15
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
Country: Australia M&A 7 of 10
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Facilities First Australia Pty

Macquarie Park, Australia

Facilities First Australia provides facilities maintenance and cleaning services for customers at +2,500 sites across Australia. Facilities First provide services to customers in the government, hospitality, education, healthcare, corporate, and entertainment sectors. Facilities First Australia was formed in 1995 and is based in Macquarie Park.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Brand Collective

Alexandria, Australia

Brand Collective is an operator of footwear and apparel house of brands in Australia, with a portfolio of iconic owned and licensed brands. Brand Collective owns a number of iconic Australian brands including Volley, Grosby, and Julius Marlow, and has exclusive licenses for leading international brands including Superdry, Clarks, Hush Puppies, and Mossimo. The business sells through a combination of department stores and discount department store chains, as well as around 50 branded retail sites and several company-owned websites. Brand Collective also owns the Shoe Warehouse chain of discount footwear stores. Brand Collective is based in Alexandria, Australia.

Sell -