Tracked deals
5
5 tracked deals across 2020-2024.
Private Equity Firm
Energy
LetterOne
London, England, United Kingdom
L1 Energy is LetterOne’s energy-transition investment business, focused on long-term investments in energy and related areas using LetterOne’s permanent capital platform.
- Focus Areas
- Energy transition, Low-carbon and carbon management projects, Upstream oil & gas (via investments)
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Divestiture
2 divestiture · 2 growth capital · 1 addon
LetterOne Acquisition Volume by Year
Last 3 years
Supporting Data
Recent Transactions
-
- Buyer
- LetterOne
- Target
- Dayim Middle East Holding Company
- Industry
- Trucking & Fleet
- Location
- Riyadh, Saudi Arabia
- Type
- Growth capital
Luxembourg-based investment firm LetterOne has made a significant growth investment in Dayim Middle East Holding Company (DMEH), a Saudi equipment and truck logistics & leasing group, to fund DMEH’s continued growth across Saudi Arabia and the broader GCC. The capital supports DMEH’s expansion across end markets such as oil & gas, infrastructure and logistics while helping LetterOne establish a longer-term presence in the region.
-
September 4, 2024
- Buyer
- Harbour Energy plc, L1 (LetterOne)
- Target
- Wintershall Dea (upstream business)
- Seller
- BASF, L1 (LetterOne)
- Industry
- Oil & Gas
- Location
- Hesse, Germany
- Type
- Divestiture
Harbour Energy has acquired the majority of Wintershall Dea's upstream business for $11.2 billion in a transfer completed by BASF and L1 (LetterOne). As part of the transaction, L1 received a 14.87% preference shareholding in Harbour, making it a minority shareholder while Harbour expands its upstream E&P portfolio.
-
November 7, 2021
- Buyer
- LetterOne (L1 New Energy)
- Target
- Plastic Energy
- Industry
- Environmental Services
- Location
- England, United Kingdom
- Type
- Growth capital
LetterOne, via its new energy arm L1 New Energy, has made an equity investment in Plastic Energy to accelerate the chemical recycling company’s growth and global plant rollout. The funding will support expansion beyond Plastic Energy’s two operational plants in Spain — including a plant under construction in the Netherlands and developments in France — and helps explore a potential UK facility with Nestlé.
-
October 21, 2021
- Buyer
- L1 Health, Blantyre Capital
- Target
- Remedica, Sun Wave Pharma
- Seller
- Ascendis Health
- Industry
- Pharmaceuticals
- Location
- Cyprus
- Type
- Divestiture
L1 Health and Blantyre Capital have acquired European pharmaceutical businesses Remedica (Cyprus) and Sun Wave Pharma (Romania) as part of a debt-for-assets restructuring with Johannesburg-listed Ascendis Health; the deal closed on October 21. Remedica is a generics manufacturer with production and distribution across 160 countries, while Sun Wave Pharma is a leading nutraceuticals/nutritional-products provider in Eastern Europe.
-
March 30, 2020
- Buyer
- Destination Pet, LetterOne (L1 Health)
- Target
- VitalPet
- Industry
- Veterinary
- Location
- Texas, United States
- Type
- Addon
Destination Pet, a pet health and services platform backed by LetterOne (L1 Health), has completed the acquisition of VitalPet. The deal adds 24 veterinary hospitals and approximately 420 employees across seven states to Destination Pet's network, expanding its veterinary, boarding, grooming and training services footprint.
Related Acquisition Pages
Environmental Services Buyers & Acquisitions
1 tracked deal by LetterOne.
Oil & Gas Buyers & Acquisitions
1 tracked deal by LetterOne.
Pharmaceuticals Buyers & Acquisitions
1 tracked deal by LetterOne.
Trucking & Fleet Buyers & Acquisitions
1 tracked deal by LetterOne.
Acquisitions in Texas
1 tracked deal by LetterOne.
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