M&A Deal Summary

Shell Acquires Sprng Energy

On April 29, 2022, Shell acquired renewable energy company Sprng Energy from Actis Capital

Acquisition Highlights
  • This is Shell’s 3rd transaction in the Renewable Energy sector.
  • This is Shell’s 1st transaction in India.

M&A Deal Summary

Date 2022-04-29
Target Sprng Energy
Sector Renewable Energy
Buyer(s) Shell
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

Sprng Energy

Pune, India
Sprng Energy is a renewable energy platform that develops and manages renewable energy facilities such as solar and wind farms and infrastructural assets. Sprng Energy was founded in 2017 and is based in Pune, India.

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Buyer(S) 1

Buyer

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, United Kingdom.


DEAL STATS #
Overall 10 of 12
Sector: Renewable Energy M&A 3 of 3
Type: Add-on Acquisition M&A Deals 8 of 9
Country: India M&A 1 of 1
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Powershop

Melbourne, Australia

Powershop is is an electricity and gas retailer serving more than 185,000 customers in the residential and small business markets. Powershop offers electricity in Victoria, New South Wales, South Australia, and South-East Queensland, as well as gas in Victoria. Powershop is Climate Active certified, an Australian Government certification awarded to businesses and organizations that have reached a state of achieving net-zero emissions. Powershop was founded in 2014 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Aera Energy

Bakersfield, California, United States

Aera Energy is an energy producer that provides safety and environmental performance, innovative business practices, and application of cutting-edge technology. Aera Energy was founded in 1997 and is based in Bakersfield, California.

Sell -

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 81 of 92
Sector: Renewable Energy M&A 7 of 10
Type: Add-on Acquisition M&A Deals 40 of 46
Country: India M&A 20 of 21
Year: 2022 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 AutoXpress

Nairobi, Kenya

AutoXpress is a distributor and retailer of quality tyre, battery and suspension products from Pirelli, Dunlop, Marshal, BKT, KYB and Energizer that consumers trust to keep their cars on the road. AutoXpress was founded in 1958 and is based in Nairobi, Kenya.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Bellagio

Shanghai, China

Bellagio is a casual dining chain serving Taiwanese-style dishes and shaved ice desserts. Bellagio is based in Shanghai, China.

Sell -