M&A Deal Summary

ENGIE and Crédit Agricole Assurances SA Acquire Eolia

On November 11, 2021, ENGIE and Crédit Agricole Assurances SA acquired renewable energy company Eolia from AIMCo

Acquisition Highlights
  • This is ENGIE’s 8th and Crédit Agricole Assurances SA’s 1st transaction in the Renewable Energy sector.
  • This is ENGIE’s 1st and Crédit Agricole Assurances SA’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-11-11
Target Eolia
Sector Renewable Energy
Buyer(s) ENGIE
Crédit Agricole Assurances SA
Sellers(s) AIMCo
Deal Type Add-on Acquisition

Target

Eolia

Madrid, Spain
Eolia is an independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. Eolia was founded in 2007 and is based in Madrid, Spain.

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Buyer(S) 2

Buyer

ENGIE

Courbevoie, France

Category Company
Founded 1880
Sector Utilities
Revenue 73.8B EUR (2024)
DESCRIPTION

ENGIE is a French utility company that provides electricity generation and distribution, natural gas, and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.


DEAL STATS #
Overall 28 of 31
Sector: Renewable Energy M&A 8 of 11
Type: Add-on Acquisition M&A Deals 19 of 21
Country: Spain M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 FirstLight Waterbury Generation

Waterbury, Massachusetts, United States

FirstLight Waterbury Generation provides 96 megawatts of flexible, fast-start natural gas power generation capacity to the New England region. FirstLight Waterbury Generation is in Waterbury, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 ReVolve Renewable Power - Utility Scale Solar and Storage Projects

Dublin, Ireland

ReVolve Renewable Power - Utility Scale Solar and Storage Projects includes 250MW Parker Solar and Storage Project (the "Parker Project") and the 1,000MW Bouse Solar and Storage Project based in Dublin, Ireland.

Buy -
Buyer

Crédit Agricole Assurances SA

Paris, France

Category Company
Founded 2009
Sector Insurance
DESCRIPTION

Crédit Agricole Assurances SA, is a provider of savings, retirement, health, personal protection and property insurance products and services.


DEAL STATS #
Overall 4 of 5
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Spain M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 European Locomotive Leasing

Wien, Austria

European Locomotive Leasing is known for its full-service leasing of electric locomotives for European corridors. The ELL Vectron is suitable for passenger and freight transportation and the whole fleet is fully equipped with ETCS. Predictive maintenance and a large inventory of spare parts are key to the concept of full-service leasing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 2i Aeroporti

Milan, Italy

2i Aeroporti is a holding company set-up to acquire and management airport and other transportation infrastructure assets. 2i Aeroporti was founded in 2010 and is based in Milan, Italy.

Sell -

Seller(S) 1

SELLER

AIMCo

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 179.6B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 6 of 7
Sector: Renewable Energy M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Spain M&A 1 of 1
Year: 2021 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 West Monroe Partners

Chicago, Illinois, United States

West Monroe Partners is a provider of business and technology consultancy services. West Monroe Partners was founded in 2002 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-20 Anaplan

Miami, Florida, United States

Anaplan develops cloud-based software for creating sales, operations, and finance models and business plans. Anaplan was founded in 2008 and is based in Miami, Florida.

Buy $10.7B