M&A Deal Summary

Naturgy Acquires ASR

On May 16, 2023, Naturgy acquired renewable energy company ASR from Ardian

Acquisition Highlights
  • This is Naturgy’s 1st transaction in the Renewable Energy sector.
  • This is Naturgy’s 1st transaction in Spain.

M&A Deal Summary

Date 2023-05-16
Target ASR
Sector Renewable Energy
Buyer(s) Naturgy
Sellers(s) Ardian
Deal Type Add-on Acquisition

Target

ASR

Spain
ASR is a 420MW wind platform located in Spain with an average life of 9 years and operating under the Spanish regulated scheme for renewable technologies. ASR is based in Spain.

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Buyer(S) 1

Buyer

Naturgy

Madrid, Spain

Category Company
Founded 1843
Sector Energy Services and Equipment
Employees6,594
Revenue 19.3B EUR (2024)
DESCRIPTION

Naturgy is an energy infrastructure company that operates across the gas value chain from procurement to liquefaction, storage, regasification, transportation, distribution, and marketing. Naturgy also owns and operates gas distribution networks in Latin America with leading market shares in Brazil, Chile, Colombia, and Mexico. Naturgy was founded in 1843 and is based in Madrid, Spain.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Spain M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 Vayu

Dublin, Ireland

Vayu Ltd. is a gas and electricity marketer focussed on commercial and industrial customers, which also purchases and sells renewable energy from small generators, and operates in Ireland and the United Kingdom.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 220 of 247
Sector: Renewable Energy M&A 3 of 3
Type: Add-on Acquisition M&A Deals 54 of 63
Country: Spain M&A 9 of 11
Year: 2023 M&A 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-04 Liftket

Wurzen, Germany

Liftket is an industrial machinery manufacturing company that manufactures electric chain hoists, marketed worldwide. Liftket was founded in 1948 and is based in Wurzen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-17 ProService Hawaii

Honolulu, Hawaii, United States

ProService Hawaii provides HR solutions & also provides bundled solutions include configured HR technology, payroll, scheduling, HR consultations, health benefits management, administrative & risk management, workers’ compensation, 401(k), and regulatory compliance. ProService Hawaii was founded in 1994 and is based in Honolulu, Hawaii.

Sell -