STG Partners, LLC cancelled the transaction of Energy One Limited.
October 24, 2023
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STG Partners, LLC made an non-binding proposal to acquire Energy One Limited (ASX:EOL) for approximately 230 million on August 10, 2023. The proposal is to acquire all of the issued shares in Energy One at an indicative price of AUD 5.85 cash per share. The proposal is conditional on completion of confirmatory due diligence, execution of a binding scheme implementation deed and standard final internal approvals from STG?s Investment Committee and the Board of Energy One. If STG makes a binding offer the potential transaction will also be subject to customary conditions for a scheme of arrangement, including Energy One shareholder and court approval as well as foreign investment approvals in Australia and the United Kingdom. The Board determined that it was in the best interests of Energy One shareholders as a whole, to grant STG an expedited period of exclusivity to enable STG to complete its confirmatory due diligence. The exclusivity period is now expected to end on October 2, 2023. Rothschild & Co acted as financial adviser and Gilbert + Tobin acted as legal adviser to Energy One.
STG Partners, LLC cancelled the transaction of Energy One Limited (ASX:EOL) on October 25, 2023.
Energy One Limited is an Australia-based independent supplier of software and services to international wholesale energy trading markets. The Companyâs principal activity is involved in the development and supply of software and services, as well as energy trading and associated advisory services to energy companies and utilities. The Companyâs segment is the Energy software industry. Its geographical segments include Australasia and the United Kingdom (UK)/Europe. The Companyâs software and services include advisory services, demand-linked risk management solutions, egssPort, EnergyOffer, enFlow, enPrice, enTrader, enVoy, EOT, eZ-Ops, generation services, NemSight, managed services, pypIT, SimEnergy, plant outage insurance, weather-linked risk management solutions, and global 24/7 services. The Company serves a range of customers across the globe, including energy retailers, generators, users, customers, and traders ranging from startups to multi-national energy companies.
ENERGY ONE LIMITED 
