Ardian, a world-leading private investment firm, has entered into an agreement to acquire Energia Group from I Squared Capital. 

This exciting development positions Energia Group for continued investment in the energy transition and reflects Ardian’s long-term confidence in Energia’s strategic position and future growth. 

The transaction will have no impact on customers, employees, partners or suppliers and we remain committed to delivering our strategy and supporting Ireland’s sustainable energy future.

Speaking on the transaction, Ian Thom, CEO of Energia Group, said:

“Energia’s focus remains on transforming Ireland’s energy system by deploying renewables and other low carbon solutions at scale, while continuing to deliver secure and affordable energy to our domestic and commercial customers.  We are grateful for I Squared’s support over the past nine years and the strong, future-ready platform we have built together.

“Ireland is at a pivotal point, with rapid electrification, growing demand from new technologies, and global investment in digital infrastructure all accelerating. Energia Group is ideally placed to meet these needs, and with Ardian’s long-term backing, we’re excited to continue scaling our business to help power this next phase of Ireland’s growth for our customers, partners and employees.”

Juan Angoitia, Co-Head of Infrastructure Europe & Senior Managing Director, Ardian, said:

“We are proud to be investing in Energia, which marks Ardian’s first investment in Ireland. The company has demonstrated its market leadership in Ireland and Northern Ireland over many years and has ambitious plans to grow, driven by secured capital projects and increasing energy demand. Ardian is a highly experienced investor in essential infrastructure and European utilities. We have been impressed by Energia’s strong growth and resilience in the context of a volatile energy market, and look forward to sharing our expertise to further develop its renewable generation portfolio, flexible capacity and enhance the efficiency of the whole company.”

William Briggs, Managing Director, Ardian, said:

“Energia is at the forefront of the convergence between energy utilities and digital infrastructure.  The company’s pioneering approach to combining hyperscale data center development, with new renewable energy generation, will unlock significant opportunities for growth in Ireland. We look forward to working with the management team to support their ambitious plans to support the decarbonisation of the entire economy.”

Mohamed El Gazzar, Senior Partner, I Squared Capital, said:

“The sale represents one of I Squared’s largest exits and is a testament to the hard work and dedication of the whole Energia team. Since our initial investment in Energia in 2016, I Squared has deployed over USD 3 billion in portfolio companies with Irish operations, underscoring our deep confidence in Ireland’s economy and supportive investment environment. Ireland continues to attract leading global companies and offers exceptional opportunities for infrastructure investors like I Squared. We remain committed to Ireland and look forward to building on our strong track record of investing in its growth and innovation.”