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M&A Deal Summary

Orlen Acquires Kanin wind farm

On February 15, 2021, Orlen acquired energy services and equipment company Kanin wind farm from Stage Capital

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

M&A Deal Summary
Date 2021-02-15
Target Kanin wind farm
Sector Energy Services and Equipment
Buyer(s) Orlen
Sellers(s) Stage Capital
Deal Type Add-on Acquisition

Target

Kanin wind farm

Poland
Kanin wind farm is located in northern Poland and has a planned capacity of 20MW. Kanin wind farm operates within the green certificate support scheme and has contracts in place guaranteeing power offtake until 2027. The farm has been able to produce up to 50 GWh of energy per year. Located near Darłowo, in the business area of Energa Operator, the wind farm consists of eight turbines with a capacity of 2.5 MW each.

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Buyer(S) 1

Buyer

Orlen

Plock, Poland
Category Company
Founded 1999
Sector Oil/Gas Exploration
Employees66,554
Revenue 295.0B PLN (2024)
DESCRIPTION

Orlen operates in refining, petrochemical, energy, retail, and upstream business. The company offers petrol, diesel, LPG, and biofuels; aviation fuels; heating oils; aromatics, including phenol, benzene, paraxylene and other products, such as acetone, ethylene oxide, masterbatch, advanced technical carbon black Chezacarb, caprolactam, soda lye, and sodium hypochlorite. It also provides base, car and motorbike, truck, marine, industrial, and agricultural oils, as well as paraffin and solvents; salt and salt-derivative products; and bitumen. In addition, the company produces and distributes electricity and heat energy. Orlen was founded in 1999 and is based in Plock, Poland.

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: Poland M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Stage Capital

London, United Kingdom

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Stage Capital is a private equity firm that seeks investments in middle-market businesses operating in traditional industries serving as the 'backbone' of the economy. The Firm focuses its investment activity across the UK and Europe and looks for opportunities valued between €10 and €15 million where Stage Capital can invest €5 to €25 million. Stage Capital will not invest in start-ups or early stage companies. Stage Capital was formed in 2000 and is based in London with additional offices in Paris and Istanbul.

DEAL STATS #
Overall 18 of 23
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 9
Country: Poland M&A 1 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 Chillbox

Pallini, Greece

Chillbox is focused on creating, producing, and marketing frozen yogurt. Chillbox was founded in 2011 and is based in Pallini, Greece.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Praticima

Villefranche-sur-Saone, France

Praticima designs and manufactures medical equipment, elaborated in partnership with healthcare professionals and designed by an integrated engineering department. Praticima is based in Villefranche-sur-Saone, France.

Sell -
Mergr

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