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M&A Deal Summary

DCNS S.A. Acquires OpenHydro Group

On March 15, 2013, DCNS S.A. acquired renewable energy company OpenHydro Group from IPL Plastics

Acquisition Highlights
  • This is DCNS S.A.’s 1st transaction in the Renewable Energy sector.
  • This is DCNS S.A.’s 1st transaction in Ireland.

M&A Deal Summary
Date 2013-03-15
Target OpenHydro Group
Sector Renewable Energy
Buyer(s) DCNS S.A.
Sellers(s) IPL Plastics
Deal Type Divestiture

Target

OpenHydro Group

Dublin, Ireland
The Group has invested in OpenHydro, a marine technology company which designs and manufactures turbines that generate energy from tidal streams. One51 has been a shareholder in OpenHydro since 2006 and is represented on the company’s Board. In 2009 OpenHydro was named Innovative Company of the Year by Engineers Ireland and received the Company Pioneer Award at the Energy Ocean conference in the United States.

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Buyer(S) 1

Buyer

DCNS S.A.

Paris, France
Category Company
Founded 1631
Sector Infrastructure
DESCRIPTION

DCNS S.A. designs, builds, and supports submarines and surface combatants, and associated systems and infrastructures for naval shipyards and bases worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

IPL Plastics

Dublin, Ireland
Category Company
Founded 1939
Sector Packaging
Employees2,000
Revenue 605M USD (2019)
DESCRIPTION

IPL Plastics is a sustainable packaging solutions provider primarily in the food and consumer, agricultural, logistics and environmental end-markets operating from multiple production facilities in Canada, the U.S., the U.K., Ireland, China and Mexico. IPL Plastics was founded in 1939 and is based in Dublin, Ireland.

DEAL STATS #
Overall 2 of 5
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 4
Country (Ireland) 2 of 4
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 Irish Continental Group

Dublin, Ireland

One51's infrastructure portfolio also has a 24% interest in Irish Continental Group (ICG) held in partnership with shipping services company, the Doyle Group. ICG is a leading ferry operator between Ireland, the UK and France. Under the Irish Ferries brand, ICG owns and operates a fleet of ferries carrying passengers, cars and Roll-On Roll-Off freight. The company also offers travellers inclusive package holidays. Irish Continental Group was founded in 1972 and is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-25 Irish Pride Bakeries

Dublin, Ireland

Irish Pride is one of the largest bakery companies in Ireland and has been operating since 1989. With bakeries located in counties Wexford and Mayo, the business manufactures a comprehensive range of wrapped breads and soft rolls. It undertakes 15,500 deliveries per week, operates 190 routes nationally and serves its retail and food service customers from a national network consisting of four primary and nine secondary depots.

Sell -
Mergr

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