M&A Deal Summary

Gas Verde Acquires ENC Energy Group

On June 5, 2023, Gas Verde acquired oil/gas exploration company ENC Energy Group from GEF Capital Partners

Acquisition Highlights
  • This is Gas Verde’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Gas Verde’s 1st transaction in Portugal.

M&A Deal Summary
Date 2023-06-05
Target ENC Energy Group
Sector Oil/Gas Exploration
Buyer(s) Gas Verde
Sellers(s) GEF Capital Partners
Deal Type Add-on Acquisition

Target

ENC Energy Group

Vila Nova de Gaia, Portugal
ENC Energy Group is a waste-to-energy solutions provider. ENC builds, owns and operates landfill gas-to-energy (“LFGTE”). ENC Energy Group was founded in 2002 and is based in Vila Nova de Gaia, Portugal.

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Buyer(S) 1

Buyer

Gas Verde

Rio de Janeiro, Brazil
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Gas Verde produces and markets biomethane from landfill biogas. Gas Verde is based in Rio de Janeiro, Brazil.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Portugal) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

GEF Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Middle-Market
Type Sector Focused
DESCRIPTION

GEF Capital Partners is a private equity firm focused on acquiring and investing in growth-oriented 'sustainable' businesses. This includes operating companies that enable clean energy or improve energy efficiency, that are reducing the amount of waste, that build products using fewer or more efficient materials, or that take action to improve the quality and conservation of land. GEF Capital Partners was formed in 2018 and is based in Sao Paulo, Brazil.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Portugal) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 Murf Electric Bikes

San Clemente, California, United States

Murf Electric Bikes is a creator of electric bikes designed for rugged and responsible adventuring. Murf Electric Bikes was founded in 2016 and is based in San Clemente, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Next Step Energy Solutions

Littleton, Colorado, United States

Next Step Energy Solutions provides full-service, turnkey lighting-emitting diode ("LED") lighting system retrofitting and tech-enabled energy efficiency services for owners and operators of real assets, focusing on the healthcare, hospitality, industrial, and commercial real estate sectors. Next Step Energy Solutions was formed in 2011 and is based in Littleton, Colorado.

Buy -
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