Case Studies


LichtBlick’s Combination with Eneco

TRANSACTION OVERVIEW

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

LICHTBLICK OVERVIEW

  • 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 OVERVIEW

  • 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

GREENTECH’S ROLE

  • Greentech served as exclusive financial advisor to LichtBlick and was closely involved in
    all aspects of the transaction, including structuring, valuation, due diligence and
    negotiation
  • Greentech’s specialist industry knowledge facilitated LichtBlick’s desire to separately articulate the development potential of itsenergy 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

Other Case Studies