Mergers & Acquisitions Deal Analysis – Gas Natural Acquires 45.3% Interest in Union Fenosa from ACS

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					M&A Deal Analysis – Gas Natural Acquires 45.3% Interest in Union Fenosa from ACS
Reference Code: GDAE0050M&A Publication Date: APR 2009

Alternative Energy M&A Deal Analysis
© GlobalData. This report is a licensed product and is not to be photocopied Source: www.alternativeenergyetrack.com

GDAE0050M&A / Published 04/2009 Page(1)

Table of Contents

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1.1 1.2

Table of Contents
Table of Contents ........................................................................................................2
List of Tables ...................................................................................................................................................... 4 List of Figures..................................................................................................................................................... 5

2 M&A Deal Analysis – Gas Natural Acquires 45.3% Interest In Union Fenosa From ACS .....................................................................................................................................6 3
3.1 3.2 3.3

Gas Natural Acquires 45.3% Interest In Union Fenosa From ACS ..........................7
Deal Overview..................................................................................................................................................... 7 Deal In Brief......................................................................................................................................................... 7 Comparable Deals ............................................................................................................................................. 7

3.4 Impact of the Deal on the Company.............................................................................................................. 8 3.4.1 Gas Natural: Electricity Markets................................................................................................................. 8 3.4.2 Acquisition of Union Fenosa: The Rationale............................................................................................ 9 3.5 Deal Financials and Valuation ...................................................................................................................... 10 3.5.1 Companies Involved .................................................................................................................................. 10 3.5.2 Deal Financials ........................................................................................................................................... 10 3.5.3 Deal Rationale ............................................................................................................................................ 10 3.5.4 Advisor Information.................................................................................................................................... 10 3.5.5 Target Company Information.................................................................................................................... 11 3.5.6 Key Financials (in Mn):.............................................................................................................................. 11 3.5.7 Share Price Information ............................................................................................................................ 12 3.5.8 Company Valuation Multiples................................................................................................................... 12 3.5.9 Acquirer Information .................................................................................................................................. 12 3.5.10 Vendor Information .................................................................................................................................... 13

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4.1 4.2 4.3

Appendix ....................................................................................................................14
About GlobalData............................................................................................................................................. 14 About GlobalData............................................................................................................................................. 14 GlobalData Benefits ........................................................................................................................................ 15

Alternative Energy M&A Deal Analysis
© GlobalData. This report is a licensed product and is not to be photocopied Source: www.alternativeenergyetrack.com

GDAE0050M&A / Published 04/2009 Page(2)

Table of Contents

4.4 4.5 4.6

GlobalData Features ....................................................................................................................................... 16 Contact Us ......................................................................................................................................................... 16 Disclaimer .......................................................................................................................................................... 16

Alternative Energy M&A Deal Analysis
© GlobalData. This report is a licensed product and is not to be photocopied Source: www.alternativeenergyetrack.com

GDAE0050M&A / Published 04/2009 Page(3)

Table of Contents

1.1

List of Tables

Table 1: Comparable Acquisitions in the Renewable Energy Sector............................................................................................7 Table 2: Companies Involved ...........................................................................................................................................................10 Table 3: Financials of the Deal .........................................................................................................................................................10 Table 4: Advisor Information .............................................................................................................................................................10 Table 5: Target Company Information .............................................................................................................................................11 Table 6: Table 7: Table 8: Target’s Financial Information.....................................................................................................................................11 Target’s Share Price Information................................................................................................................................12 Target’s Valuation Multiples ........................................................................................................................................12

Table 9: Acquirer Information............................................................................................................................................................12 Table 10: Vendor Information ...........................................................................................................................................................13

Alternative Energy M&A Deal Analysis
© GlobalData. This report is a licensed product and is not to be photocopied Source: www.alternativeenergyetrack.com

GDAE0050M&A / Published 04/2009 Page(4)

Table of Contents

1.2

List of Figures

Figure 1: Installed Capacity of Gas Natural and Union Fenosa, MW, 2008.................................................................................9

Alternative Energy M&A Deal Analysis
© GlobalData. This report is a licensed product and is not to be photocopied Source: www.alternativeenergyetrack.com

GDAE0050M&A / Published 04/2009 Page(5)

GlobalData M&A Deal Analysis

2 M&A Deal Analysis – Gas Natural Acquires 45.3% Interest In Union Fenosa From ACS
Gas Natural Group, an energy company, exercised its option to acquire stake in Union Fenosa, S.A., an
				
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Description: Mergers & Acquisitions Deal Analysis – Gas Natural Acquires 45.3% Interest in Union Fenosa from ACS Summary Acquiring and partnering for expansion, strengthening R&D pipeline and venturing into newer markets is a trend that’s definitely not new. It’s also regarded as one of the best defensive strategies to counter the competitors’ organic growth. The challenge that is most discussed in boardrooms is to identify the right partner with the right product portfolio so that the best strategic fit can be obtained and maximum benefits can be reaped from the deal. GlobalData’s deal analysis reports are our independent analysis of the latest Mergers and Acquisitions deals within the global alternative energy industry. We keep our clients abreast of the very latest consolidation landscape by providing them with our independent and unbiased judgment on the past, present and future of the most important Mergers and Acquisitions deals within the alternative energy industry. Scope - In depth profiling of the latest and the most important Mergers and Acquisitions deal; - Historical deal analysis of the companies involved in the deal, their deal making strategies and the markets they are venturing into; - Review and analysis of the profiled deal supplemented with a strategic rationale analysis and impact assessment study; and - Mapping of the prevalent and expected market and competitive landscape (s), the deal is likely to have an impact on Reasons to buy - Plan your business strategies by understanding your competitors’ deal making approach, acquisition trends and market entry/expansion strategies; - Identify the latest consolidation trends in the market (s) you compete in; - Exploit Mergers and Acquisitions opportunities by understanding the strategic rationale and success factors behind each deal; and - Design your inorganic strategies by screening potential acquisition prospects in the market (s) you compete in.
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