Radar > 245168

Endesa be interested in acquiring Renovalia

Endesa podría estar interesada en adquirir Renovalia

Intel ID : 245168
Synopsis

Endesa (BME:ELE), a Spain-based energy company, may be interested in buying renewable energy company Renovalia from Cerberus, reported El Confidencial on 10 February 2017.

According to the report, the US-based private equity firm could sell Renovalia over the next two months and may have received bids from other private equity firms.

In a year, Cerberus increased the value of the company with the acquisition of four wind farms with 105 MW and other two wind farms with 100 MW, as well as several photovoltaic assets.
(content in spanish)

Endesa (BME:ELE), empresa energética española, podría estar interesada en comprar la empresa de energías renovables, Renovalia, propiedad de Cerberus, según ha informado El Confidencial el 10 de febrero de 2017.

La firma de private equity estadounidense podría vender Renovalia en los dos próximos meses y podría haber recibido ofertas de otras firmas de private equity.

En un año Cerberus ha aumentado el valor de la empresa con la adquisición de cuatro parques eólicos con 105 megawatios y otras dos instalaciones eólicas con 100 MW, así como varios activos fotovoltaicos.

Bidder

Ultimate Owner (Buyer)

Enel
Italy

Seller

Cerberus Capital Management (Global)
United States

Advisors

retained
retained

Intel ID 245168
Value ND
Native Currency Euro (EUR)
Financial Data - Renovalia Energy
(31 Dec 2015)
Revenue: EUR 149,18m
EBITDA: EUR 97,42m
Net Debt: EUR 2.071,75m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Electric (Primary)
Primary Sector (TTRSC)
20.01.01 Energy Traders & Brokers
20 Energy & Utilities / 20.01 Energy Services

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Wind (Primary)
Energy and Renewable Energies / Solar
Primary Sector (TTRSC)
20.04.09 Wind Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
10.01.99 Other Business & Professional Support Services
10 Business Services / 10.01 Business & Professional Support Services

20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Ultimate Owner (Buyer)

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Electric (Primary)
Primary Sector (TTRSC)
20.03.05 Electric Utilities
20 Energy & Utilities / 20.03 Power Generation & Electric Utilities

Secondary Sectors (TTRSC)
20.02.03 Natural Gas & Hydrogen Utilities
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.