M&A Deal Summary |
|
|---|---|
| Date | 2021-02-08 |
| Target | Pinnacle Renewable Energy |
| Sector | Renewable Energy |
| Buyer(s) | Drax |
| Deal Type | Add-on Acquisition |
| Deal Value | 831M CAD |
| Advisor(s) | Stikeman Elliott Kirkland & Ellis (Legal) |
SEARCH BY
Drax plays a vital role in helping change the way energy is generated, supplied, and used as the UK moves to a low-carbon future. Drax Group has three principal activities – electricity generation, energy supply, and compressed wood pellet manufacturing for use in electricity production. Drax Power Station is located near Selby, North Yorkshire, connecting directly into the national electricity distribution grid. Drax was founded in 2005 and is headquartered in Selby, England.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Renewable Energy M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| State: British Columbia M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2021 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-06 |
Opus Energy Group
Oxon, United Kingdom Opus Energy offers electricity and gas products to small SMEs and has established various channels for acquisition and retention of SME customers, including internal channels such as renewal or change of tenancy and external channels such as direct marketing and TPIs. In the financial year ended 31 March 2016, Opus Energy supplied 2.1 TWh to 124,552 electricity meters and 1.7 TWh to 44,591 gas meters belonging to small SME customers. |
Buy | £340M |
