E.ON Group’s Essent has reached an agreement to acquire InEnergie Holding B.V. (‘InEnergie’), which includes the consulting firm InEnergie and the heat supplier InWarmte. In 2022, Essent purchased 32.7% of the shares in InEnergie. With the acquisition of the remaining shares, Essent accelerates the growth ambitions of its subsidiary Essent Infrastructure Solutions (EIS) – which focuses on sustainable heating and cooling solutions for customers in the commercial market.

InEnergie is a rapidly growing player in the design, delivery, and operation of sustainable heating/cooling projects in the Netherlands. Additionally, it offers a wide range of solutions and services to other players in this market. Through its employees, various projects, and broad expertise and services, InEnergie makes a significant contribution to EIS.

InEnergie will continue to operate independently, in order to optimally serve the various markets.

Capitium acted as sole financial advisor to InEnergie.

Inteno Group AB, a fast-growing supplier of products and software solutions for fiber-based infrastructure and data communications, has found renewed ownership in an investment consortium group led by Accent Equity 2017.

Inteno Group is a leading supplier of user-friendly and easy-to-install products for fiber- speed broadband in the home through its subsidiary Genexis, and has created a unique position by developing a world-leading operating system for broadband products in the connected home through its subsidiary IOPSYS. From 2016 to 2022, the company’s revenue increased on average by 19% per year and Inteno Group expects to reach more than 1 billion SEK turnover in 2022. Accent Equity has renewed its commitment, as a consortium led by the investment fund Accent Equity 2017 has acquired Inteno Group from Accent Equity 2012 and a number of minority shareholders. Inteno Group’s management team will co-invest alongside Accent Equity. The consortium also comprises Unigestion S.A. and Simac Techniek NV.

Capitium advised the founder and minority shareholder.

Press release: link.

Today mark’s the first day of trading for SPEAR Investments I, a EUR 175mln SPAC listed on Euronext. Capitium’s Joes Leopold will act as the company’s CFO. More info here: link.

The Stedin Group announced today that the Executive Board, Supervisory Board and Shareholders’ Committee of Stedin Group have reached agreement to submit a request to its shareholders to contribute EUR 200mln of new capital in the form of preference shares.

Capitium advised the Shareholders’ Committee on all aspects of the proposed transaction. The Shareholders’ Committee represents the 44 shareholders of the company.

Stedin Group consists of five different business units: grid operator Stedin, NetVerder and DNWG Group. DNWG Group is a grid operator consisting of two divisions: grid operator Enduris and infrastructure company DNWG. Stedin was spun out of the Eneco Group prior to Eneco’s privatisation and sale to a consortium led by Mitsubishi.

Hydreco and Ennatuurlijk have agreed the sale of 5 ATES projects serving 1400 households in the Dutch province of Noord-Brabant for an undisclosed sum. See press release.

Hydreco is a 100% subsidiary of Brabant Water, the water supply company. Ennatuurlijk supplies heat to 85.000 households and 1200 companies in the Netherlands. Ennatuurlijk’s shareholders are PGGM (80%) and Veolia (20%).

Today Mollie announces the closing of 90 million Euro (US$100 million) in its Series B funding round, taking the total amount raised by the company to 115 million Euro. The round was led by TCV, one of the largest growth equity investors focused on technology. Mollie will use the funding to accelerate international expansion and invest in product and engineering: press release.

Capitium’s Joes Leopold is a board member and investor in Mollie.

Capitium advised Brabant Water on the sale of its geothermal subsidiary Hydreco Geomec to Engie in an all-cash transaction.

Engie will contribute its Dutch geothermal activities to Hydreco Geomec, thereby becoming market leader. Hydreco Geomec will continue to operate under its own name.

Engie’s press release (in Dutch) can be found here and an article in Dutch financial daily Het Financieele Dagblad can be found here (paywall).

Brabant Water supplies drinking water to 2.5 million people and companies in the Dutch province of Noord-Brabant. It employs 800 people.

Engie is a listed company employing 160,000 globally of which 6,000 are based in the Netherlands, generating EUR 60.6 bln of revenues (2018).

Capitium advises the City of Rotterdam on the proposed sale of all shares in Eneco to a consortium led by Mitsubishi for a total equity value of EUR 4.1 billion.