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M&A Deal Summary

amaysim Acquires Click Energy Pty

On April 10, 2017, amaysim acquired retailer Click Energy Pty from Angeleno Group

Acquisition Highlights
  • This is amaysim’s 1st transaction in the Retail sector.
  • This is amaysim’s 2nd transaction in Australia.

M&A Deal Summary
Date 2017-04-10
Target Click Energy Pty
Sector Retail
Buyer(s) amaysim
Sellers(s) Angeleno Group
Deal Type Add-on Acquisition

Target

Click Energy Pty

Melbourne, Australia
Click Energy is Australia’s largest independent energy retailer. Established in 2006, serving more than 155,000 customers in Victoria, New South Wales, Queensland and South Australia. The company was the first energy retailer to operate completely online and is dedicated to delivering simple, great value energy with a strong customer-service focus.

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Buyer(S) 1

Buyer

amaysim

Sydney, Australia
Category Company
Founded 2010
Sector Communications
Employees663
Revenue 488M AUD (2020)
DESCRIPTION

amaysim is a provider of online-led mobile and data plan services. amaysim was founded in 2010 and is based in Sydney, Australia.

DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Australia M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-03 Vaya Pty.

Buranda, Australia

Vaya Pty. Ltd. is a provider of mobile, homeline and data broadband services.

Buy AU$70M

Seller(S) 1

SELLER

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.

DEAL STATS #
Overall 11 of 19
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 11
Country: Australia M&A 1 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 Verengo Solar Plus

Cerritos, California, United States

Verengo Solar Plus, Inc. is an operator of the residential solar installer in Southern California, provides intelligent, energy-efficient and dependable products while providing unsurpassed customer service and workmanship to homeowners throughout Southern California. Verengo also offers a range of other energy-saving products to its customers. Verengo Solar Plus was founded in 2008 and is based in Cerritos, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-23 Soraa

Fremont, California, United States

Soraa, Inc. developer of GaN-on-GaN (gallium nitride on gallium nitride) solid-state LED lighting technology for the general illumination market. Soraa’s products offer superior light quality and color rendering when compared to other LEDs while using a fraction of the energy of a comparable halogen lamp. Soraa was founded in 2008 and is based in Fremont, California.

Sell -
Mergr

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