November 29, 2022

Publ. listed Shell acquires Pioneer Point Partners-backed Danish biogas producer Nature Energy for EUR 1.9bn, EV/EBITDA 24.1x (based on 2021 EBITDA of DKK 593m) - An opportunity first covered by NKP in early February 2022 (Press Release)

Press Release
In February 2022, NKP exclusively first reported that the ownership consortium NGF Partnership of Nature Energy, had appointed advisors J.P. Morgan (financial) and Kromann Reumert (legal) for an upcoming sale of the Danish biogas company. NKP followed the deal with several updates, including the latest from 9th November, mentioning that the process had reached an advanced stage with the final bids deadline approaching within the coming few weeks (second half of November). Now Shell Petroleum, a wholly-owned subsidiary of Publ. listed Shell, has acquired Danish Nature Energy for a purchase price of EUR 1.9bn ≈ DKK 14.3bn, implying an EV/EBITDA of 24.1x (based on 2021 EBITDA of DKK 593m). With the acquisition, Shell accelerates its transition towards a more sustainable practice with zero emissions. In FY21 Nature Energy reported revenues of DKK 1,806m (+201% YoY) with an EBITDA of DKK 593m (vs. DKK 149m in 2020). NGF partnership consists of infrastructure investor Pioneer Point Partner
Transaction announcement
Originally surfaced by NKP | M&A Insights as:
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November 9, 2022

Update: Final bids in J.P. Morgan-led sale process for Nature Energy are due in the second half of November with multiple financial sponsors and strategic players actively pursuing the asset acc. to several sources (NKP Proprietary)

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NKP | M&A Insights Proprietary
Early coverage by NKP | M&A Insights (headline)
February 4, 2022

Pioneer Point Partners preparing for a H2-2022 majority sale of Nature Energy, the largest Danish biogas producer, with significant interest from global infrastructure funds, J.P Morgan and Kromann Reumert advising according to multiple sources (NKP Proprietary)

[log in to app.mainsights.io to read the full analysis as it was originally presented]
NKP | M&A Insights Proprietary
Early coverage by NKP | M&A Insights (headline)

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Established in 2018 by a former private equity investment professional, NKP | M&A Insights is an independent intelligence provider serving investors and advisory firms active in private M&A markets.

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