M&A Deal Summary

Enersense Acquires Empower

On July 31, 2020, Enersense acquired energy services and equipment company Empower from Actis Capital and AAC Capital Nordic Advisory AB

Acquisition Highlights
  • This is Enersense’s 1st transaction in the Energy Services and Equipment sector.
  • This is Enersense’s 1st transaction in Finland.

M&A Deal Summary

Date 2020-07-31
Target Empower
Sector Energy Services and Equipment
Buyer(s) Enersense
Sellers(s) Actis Capital
AAC Capital Nordic Advisory AB
Deal Type Add-on Acquisition

Target

Empower

Helsinki , Finland
Empower is one of the service providers in the electrical, telecom and industrial sectors in Finland, Sweden and the Baltic states. Empower specialises in the design, construction, operation and maintenance of electricity and telecom networks, as well as in installation, operation, maintenance and expert services for power plants and industry. Empower was founded in 1998 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

Enersense

Pori, Finland

Category Company
Founded 2005
Sector Energy Services and Equipment
Employees2,000
Revenue 425M EUR (2024)
DESCRIPTION

Enersense provides emission-free energy solutions in Finland and internationally. The company operates through Smart Industry, Power, Connectivity, and International Operations segments. It develops digital solutions for productivity; offers maintenance and operation services for the production facilities; and provides resourcing, contracting, and subcontracting chain management services. Enersense was founded in 2005 and is based in Pori, Finland.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 2

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 74 of 92
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 35 of 46
Country: Finland M&A 1 of 1
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 BTE Renewables

Fourways, South Africa

BTE Renewables is a clean and renewable energy company develops, acquires, owns and operates waste to energy, renewable energy, and energy efficiency projects in the sub-utility range of approximately 5-100MW. These include Golden Valley, a 123MW wind project in the Eastern Cape; Excelsior, a 33MW wind project in the Western Cape; Aggeneys, a 46MW solar project in the Northern Cape; Konkoonsies II an 86MW solar project in the Northern Cape and a 4MW biogas facility. BTE Renewables was founded in 2003 and is based in Fourways, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-01 Athena Renewables

Mumbai, India

Athena Renewables is an investment platform focused on renewable projects and the clean energy transition. Athena Renewables is based in Mumbai, Maharashtra.

Buy -
SELLER
DESCRIPTION

AAC Capital Nordic Advisory AB is a North European private equity firm focused on acquiring majority stakes in mid-market companies in the Nordic countries. It seeks to invest in companies with an enterprise value up to €150 million. AAC Capital Nordic Advisory was formerly known as ABN Amro Capital and became independent of ABN Amro in 2007. AAC Capital Nordic is a private equity arm of AAC Capital partners was formed in 2010 and is based in Stockholm.


DEAL STATS #
Overall 7 of 8
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
Country: Finland M&A 2 of 2
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-28 Viking Redningstjeneste AS

Lysaker, Norway

Viking Redningstjeneste AS is an operator of roadside assistance services. It also provides medical assistance and 24-hour support via its multi-lingual operations center. Viking Redningstjeneste is based in Lysaker, Norway.

Sell €114M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 BabySam A/S

Taastrup, Denmark

BabySam A/S is a baby product retailer that operates 28 stores and has completed a turnaround and created a company with growth and profitability in a difficult market environment. BabySam was formed in 1976 and is based in Taastrup, Denmark.

Sell -