{"id":100099,"date":"2025-01-28T00:00:00","date_gmt":"2025-01-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/"},"modified":"2025-01-28T00:00:00","modified_gmt":"2025-01-28T00:00:00","slug":"esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/","title":{"rendered":"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy"},"content":{"rendered":"

Good Energy greenlights <\/strong>Esyasoft<\/strong> takeover bid:<\/strong> Dubai-based, IHC-backed tech company Esyasoft Investment Holding<\/a> is a step closer to acquiring 100%<\/a> of AIM-listed renewable energy supplier Good Energy<\/a> through a bolt-on transaction, after Good Energy accepted the bid, according to a regulatory filing<\/a> to the London Stock Exchange (LSE). The story got ink from the Guardian<\/a>. <\/p>\n

The acquisition prices Good Energy shares at GBP 4.90 apiece,<\/strong> valuing the transaction at GBP 99.4 mn, and implying an enterprise value (EV) at GBP 67.8 mn. The offer represents a 66% premium to Good Energy\u2019s share price (GBP 2.95), the day before Esyasoft first expressed its interest in acquiring the company late last year. Esyasoft reserves the right to slash the offer price if Good Energy announces any dividends or distributions before the transaction is finalized. <\/p>\n

SOUND SMART- <\/strong>While there\u2019s no information about the reason the EV is lower than the transaction value, it could be attributed to the debt obligations of Good Energy and \/ or its cash and cash-equivalent assets \u2014 these are non-operation assets that are not factored into EV.<\/p>\n

What\u2019s next?<\/strong> The sale is expected to be finalized in 1H 2025, with the scheme document, detailing the transaction mechanism, set to be published by Monday, 24 February. Upon court approval, Good Energy will delist from the LSE\u2019s parallel market AIM and re-register as a private limited company. <\/p>\n

Esyasoft has big plans for Good Energy: <\/strong>Esyasoft plans to expand Good Energy\u2019s solar installation and maintenance services, boost its offerings both locally and internationally, while helping it grow the EV charging app of its portfolio company Zapmap<\/a>, and supporting its entry into new markets. <\/p>\n

A snapshot of Good Energy earnings + operations:<\/strong> Good Energy\u2019s net income fell 78% y-o-y to GBP 2.6 mn in 1H 2024, while its revenue was down 38% to GBP 97.4 mn, according to its latest earnings report (pdf)<\/a>. It works with over 2.5k independent renewable generators offering solar panel installations, heat pumps, and EV charging. It currently serves over 245k customers in the UK, enabling them to generate, store, and share renewable energy independently. <\/p>\n

Market <\/strong>Reax<\/strong>:<\/strong> Good Energy's shares soared 20.9% to GBP 4.758 apiece at yesterday\u2019s close<\/p>\n

ADVISORS-<\/strong> Esyasoft tapped Dean Street as its financial adviser on the transaction, while Good Energy tapped Canaccord Genuity for financial adviser and joint broker.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is valued at GBP 99.4 mn<\/p>\n","protected":false},"author":1,"featured_media":100100,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,1344,60,401,211,1448],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ma","tag-ma-watch","tag-renewable-energy","tag-renewables","tag-uk","wpautop","entry"],"acf":{"mongo_id":"a035bb24-db31-4b21-9a5b-5d8580e763e9","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1602.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy","related_issue":[100092],"teaser":"The transaction is valued at GBP 99.4 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.16a0d501-0196-40d3-8d55-b719894175e2.mp3"},"yoast_head":"\nEsyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy\" \/>\n<meta property=\"og:description\" content=\"The transaction is valued at GBP 99.4 mn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy\",\"datePublished\":\"2025-01-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/\"},\"wordCount\":389,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM UAE\",\"M&A\",\"M&A WATCH\",\"renewable energy\",\"renewables\",\"UK\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/\",\"name\":\"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-01-28T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/","og_locale":"en_US","og_type":"article","og_title":"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy","og_description":"The transaction is valued at GBP 99.4 mn","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/","og_site_name":"UAE","article_published_time":"2025-01-28T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy","datePublished":"2025-01-28T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/"},"wordCount":389,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM UAE","M&A","M&A WATCH","renewable energy","renewables","UK"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/","name":"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","datePublished":"2025-01-28T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/01\/28\/esyasoft-inches-closer-to-a-full-takeover-of-uk-based-renewable-energy-supplier-good-energy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Esyasoft inches closer to a full takeover of UK-based renewable energy supplier Good Energy"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/100099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=100099"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/100099\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/100092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/100100"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=100099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=100099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=100099"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=100099"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=100099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}