M&A Deal Summary

RATCH Group Acquires Nexif Energy

On January 5, 2023, RATCH Group acquired renewable energy company Nexif Energy from Denham Capital for 1.0B USD

Acquisition Highlights
  • This is RATCH Group’s 1st transaction in the Renewable Energy sector.
  • This is RATCH Group’s largest (disclosed) transaction.
  • This is RATCH Group’s 1st transaction in Singapore.

M&A Deal Summary
Date 2023-01-05
Target Nexif Energy
Sector Renewable Energy
Buyer(s) RATCH Group
Sellers(s) Denham Capital
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Nexif Energy

Singapore, Singapore
Nexif Energy is a power platform company that develops and opportunistically acquires thermal and renewable power generation assets. Nexif currently owns a controlling stake in a 30MW operating hydro project in Vietnam and 222MW wind project under construction in Australia. Nexif Energy is based in Singapore.

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Buyer(S) 1

Buyer

RATCH Group

Nonthaburi, Thailand
Category Company
Founded 2000
Sector Utilities
Revenue 43.7B THB (2023)
DESCRIPTION

RATCH Group is a value-oriented energy and infrastructure company. The Company through its subsidiaries, engages in the generation and sale of electricity and steam. RATCH Group was founded in 2000 and is headquartered in Nonthaburi, Thailand.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Singapore) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Denham Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Denham Capital Management is a specialist private investment firm focused on the energy and commodities sectors. Denham looks to invest in businesses and assets involving natural resources, metals and mining, power and utilities, and energy-related infrastructure and services. Denham will consider investments worldwide, with current projects in the US, Canada, South America, Europe, and Asia. Denham will also consider both development projects as well as mature, operating businesses. The Firm's target investment size is $50 to $200 million. Denham Capital Management was founded in 2004 and has offices in Boston, Houston, London, and Pert.

DEAL STATS #
Overall 21 of 22
Sector (Renewable Energy) 4 of 5
Type (Add-on Acquisition) 11 of 12
Country (Singapore) 1 of 1
Year (2023) 1 of 2
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Ceiba Energy

Houston, Texas, United States

Ceiba Energy seeks to acquire, build, own and operate a portfolio of high-quality power generation assets in Latin America consisting of both gas-fired and renewable projects. Ceiba is developing the Portocem LNG-to-power project in Northeast Brazil. The project is located next to an existing port and the gas-fired combined cycle power plant is licensed up to 2.2 GW. The new plant will provide reliable and firm electricity for the region. Ceiba is developing the project with Rio Energy. Ceiba Energy was founded in 2015 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 EVC

Crawley, United Kingdom

EVC installs fully funded EV charging points in the destination, residential, commercial, and workplace sectors. EVC is striving to fill the gap left by the lack of EV charging infrastructure across the UK, giving individuals and businesses the confidence to make the switch to electric and enabling the government to reach its Net Zero goals. EVC was founded in 2020 and is based in Crawley, England.

Buy -
Mergr

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