Blackstone and Vista Equity Partners saw off a crowd of offshore sponsors and strategics at the eleventh hour to secure Energy Exemplar, the tearaway energy analytics business owned by The Riverside Company.
Riverside’s Australia Fund invested in Energy Exemplar in 2017. While it is based in Australia, the business has largely migrated to the United States, growing at 30 per cent on a compounded annual growth rate. “We’re incredibly proud of our partnership and accomplishments with Energy Exemplar over the past six years,” Riverside managing partner Simon Feiglin said.“Riverside invested significantly into R&D, resulting in a leading global cloud product for the industry, building grid databases and establishing new products into business intelligence and insights,” said Riverside principal Nicholas Pejnovic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blackstone and Vista Equity Partners to Acquire Energy Exemplar for $1 BillionPrivate equity firms Blackstone and Vista Equity Partners are set to acquire Australia's Energy Exemplar, a provider of energy market software, in a deal worth over $1 billion. Energy Exemplar's software tools are used globally to simulate and forecast energy markets, including electric, water, gas, and renewable energy. The acquisition reflects the growing demand for simulation software in the energy sector to optimize production capacity and increase efficiency.
Source: FinancialReview - 🏆 2. / 90 Read more »
Imminent Failure of Bid for Origin Energy Demonstrates Upending of Energy MarketThe imminent failure of a bid for Origin Energy highlights the changing dynamics of the energy market and the growing power of Australia's industry superannuation funds. AustralianSuper's position as a major investor is critical to the fate of the vote on the deal. The consortium has a few weeks to decide on a higher price offer.
Source: FinancialReview - 🏆 2. / 90 Read more »
Energy transition: ‘No choice’ over renewable energy zones despite resistanceEnergyCo CEO James Hay says communities need to understand there is no alternative to building planned Renewable Energy Zones if coal power is to be left behind.
Source: FinancialReview - 🏆 2. / 90 Read more »
Energy transition Australia: the high cost of climate alarmismIt’s not climate deniers who are a problem. It is those who deny the cost of excessive policy trade-offs.
Source: FinancialReview - 🏆 2. / 90 Read more »
AustralianSuper Rejects Bid for Origin EnergyAustralianSuper has rejected the bid from Brookfield and EIG for Origin Energy, citing disagreement with the independent expert's assessment. The superannuation fund intends to vote against the takeover scheme based on the terms proposed in Origin's scheme booklet.
Source: FinancialReview - 🏆 2. / 90 Read more »
AustralianSuper to Vote Against Brookfield's $9.8b Offer for Origin EnergySuperannuation fund AustralianSuper plans to vote against a Brookfield-led consortium's $9.78 billion takeover offer for Origin Energy, citing the offer as substantially below its estimate of long-term value for Australia's biggest energy retailer.
Source: abcnews - 🏆 5. / 83 Read more »