M&A Deal Summary

British Gas Trading Acquires Power Plus Communications AG

On June 20, 2012, British Gas Trading acquired communications company Power Plus Communications AG from Climate Change Capital Private Equity for 5M EUR

Acquisition Highlights
  • This is British Gas Trading’s 1st transaction in the Communications sector.
  • This is British Gas Trading’s 6th largest (disclosed) transaction.
  • This is British Gas Trading’s 1st transaction in Germany.

M&A Deal Summary
Date 2012-06-20
Target Power Plus Communications AG
Sector Communications
Buyer(s) British Gas Trading
Sellers(s) Climate Change Capital Private Equity
Deal Type Add-on Acquisition
Deal Value 5M EUR

Target

Power Plus Communications AG

Mannheim, Germany
Power Plus Communications AG (PPC) supplies state-of-the-art communication solutions to utilities for smart grid applications. The company?s products utilise the existing low- and medium-voltage grid infrastructure to deliver broadband connectivity which allows real-time, bi-directional, area-wide, reliable data communication at a cost equivalent to narrowband alternatives.

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Buyer(S) 1

Buyer

British Gas Trading

Windsor, United Kingdom
Category Company
Founded 1995
Sector Utilities
DESCRIPTION

British Gas Trading Ltd. provides innovative energy solutions and the highest quality Home Services expertise in the country.

DEAL STATS #
Overall 11 of 11
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 9 of 9
Country (Germany) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 PH Jones Group

Malpas, United Kingdom

PH Jones' social housing business, which provides central heating service and repair for around 250,000 properties under 42 contracts. It also carries out over 8,000 central heating installations every year through 28 contracts within the social housing sector. The acquisition will bring British Gas around 850 employees, of whom approximately 560 work in the Social Housing business. The transaction does not include the Utility Services business previously operated by PH Jones, which will be retained by the vendors.

Buy £30M

Seller(S) 1

SELLER

Climate Change Capital Private Equity

London, United Kingdom
Category Private Equity Firm
Founded 2003
PE ASSETS 200M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Clean Tech Private Equity Fund (CPE) is the the private equity arm of financial advisory firm Climate Change Capital Limited. CPE is dedicated to investments in product and service companies involved in clean technology, including, clean power, clean transport, energy efficiency, waste recovery, and water. CPE looks to commit EUR5 to EUR25 million per investment, typically in the form of buyouts and growth capital. CPE is focused primarily on European based opportunities and will consider both minority and control positions. CPE is headquartered in London.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 Orège SA

Jouy - en -Josas, France

Orège SA is an integrated wastewater treatment solution provider. Its technologies breakdown complex pollutants in effluents produced by the oil & gas, mining, petrochemical and chemical industries.

Buy -
Mergr

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