TRANSACTION OVERVIEW

  • On January 19, 2017, LichtBlick SE (“LichtBlick”) announced
    its combination with Eneco Group (“Eneco”)

LICHTBLICK

  • LichtBlick is an energy and IT company founded in 1998
    with the vision of providing clean energy – anytime,
    anywhere and to anyone
  • Today LichtBlick is the leading green energy retailer in
    Germany, providing renewable energy to over 645,000
    customers
  • In response to the increasing use of distributed energy
    resources, LichtBlick has developed SchwarmDirigent,
    a distributed energy resource management software
    (DERMS) platform

ENECO

  • Eneco is an international renewable energy company,
    headquartered in Rotterdam, the Netherlands
  • Eneco operates in the Netherlands, the United Kingdom,
    Germany, France and Belgium with 6,700 employees
  • In addition to energy production, purchasing, and trade,
    Eneco supplies energy to over two million companies
    and households
  • Eneco’s mission is to make ‘sustainable energy for
    everyone’ a reality by ensuring that energy will be
    sustainable, available and affordable in the long term
  • Eneco is developing into a leading provider of energy
    services, focused on energy innovation
  • In 2015, Eneco realized a turnover of nearly EUR 4.3 billion

GCA’S ROLE

  • GCA served as exclusive financial advisor
    to LichtBlick and was closely involved in
    all aspects of the transaction, including
    structuring, valuation, due diligence and
    negotiation
  • GCA’s specialist industry knowledge
    facilitated LichtBlick’s desire to separately
    articulate the development potential of its
    energy retail and DERMS activities, which
    were at distinctly different points of their
    maturation
  • Our European utility and financial sponsor
    network allowed LichtBlick to run a highly
    competitive process with the most relevant
    potential partners

WHAT THE TRANSACTION MEANS
FOR THE ENERGY RETAIL SECTOR

  • The transaction highlights how shifting
    profit pools in energy, from power
    generation infrastructure to energy
    supply and services, are increasing the
    strategic importance of the customer
  • A clear value proposition, strong brand,
    and an ability to reach customers in
    effective and innovative ways made
    LichtBlick a compelling partner for Eneco’s
    entry into the German market
  • Combined with LichtBlick’s commitment to
    innovation in the field of energy IT, Eneco
    and LichtBlick together create a strong
    force in the European energy market