M&A Deal Summary

Repsol Acquires Asterion Energies

On January 16, 2023, Repsol acquired renewable energy company Asterion Energies from Asterion Industrial Partners for 560M EUR

Acquisition Highlights
  • This is Repsol’s 2nd transaction in the Renewable Energy sector.
  • This is Repsol’s 2nd largest (disclosed) transaction.
  • This is Repsol’s 3rd transaction in Spain.

M&A Deal Summary
Date 2023-01-16
Target Asterion Energies
Sector Renewable Energy
Buyer(s) Repsol
Sellers(s) Asterion Industrial Partners
Deal Type Add-on Acquisition
Deal Value 560M EUR

Target

Asterion Energies

Madrid, Spain
Asterion Energies manages a portfolio of renewable projects mostly under development totaling 7,700 megawatts (MW) in Spain (84%), Italy (12%), and France (4%). Asterion Energies is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Repsol

Madrid, Spain
Category Company
Founded 1927
Sector Oil/Gas Exploration
Employees24,537
Revenue 58.9B EUR (2023)
DESCRIPTION

Repsol operates as a multi-e energy company worldwide. Its Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves, as well as develops low-carbon geological solutions. Repsol was founded in 1927 and is based in Madrid, Spain.

DEAL STATS #
Overall 6 of 7
Sector (Renewable Energy) 2 of 3
Type (Add-on Acquisition) 4 of 5
Country (Spain) 3 of 3
Year (2023) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Repsol S.A. - Fuel Business

Italy

Fuel Business includes the service station network and the direct fuel sales business in Italy, is carried out within the framework of the multi-energy company's 2021-2025 Strategic Plan that focuses on the geographic areas with the greatest competitive advantages.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Repsol - Canadian upstream oil and gas business

Calgary, Alberta, Canada

Repsol's Canadian upstream oil and gas business comprises of all the mineral rights, related facilities and infrastructure. Repsol's Canadian upstream oil and gas business is based in Calgary, Alberta.

Sell $468M

Seller(S) 1

SELLER

Asterion Industrial Partners

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

Asterion Industrial Partners is an investment management firm focused on investing in European middle-market infrastructure projects and assets. Specific sectors of interest include telecommunication, energy, utilities, and transportation. Asterion Industrial Partners was established in 2018 and is headquartered in Madrid, Spain.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Spain) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Samso

Milan, Italy

Samso is specialized in global energy solutions. Samso makes the most energy-intensive realities efficient, Samso designs and build plants independent of fossil fuels. Samso was founded in 1998 and si is based in Milan, Italy.

Buy -
Mergr

Product

Company

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