Edison Divests 50% Stake in Elpedison to Helleniq Energy
Deal News | Apr 14, 2025 | Finance Community IT - 1 Corporate M&A
Edison has agreed to sell a 50% stake in Elpedison, a Dutch-registered company controlling the Greek entity Elpedison SA, to Helleniq Energy Holdings SA for a projected value of €200 million. This transaction calculates a total enterprise value of approximately €540 million for Elpedison, subject to contractual adjustments for earn-outs and indemnifications. The deal is expected to close by late June, following approval by Edison's board on December 6, 2024. DC Advisory, led by CEO Francesco Moccagatta, acted as Edison's advisor in this transaction. This marks an end to a 15-year joint venture between Edison and Helleniq Energy in the Elpedison partnership.
Sectors
- Energy
- Corporate Finance
Geography
- Greece – Elpedison SA, the primary company in the transaction, operates in Greece, making this geography significant to the deal.
- Netherlands – Elpedison is a Dutch-registered company, indicating that the transaction involves Dutch corporate entities.
Industry
- Energy – The transaction involves Elpedison, a significant player in the energy sector, specifically impacting electricity production and distribution through its stake sale.
- Corporate Finance – The advisory role played by DC Advisory and the valuation adjustments highlight the importance of corporate finance in structuring and advising on the transaction.
Financials
- €200 million – This is the approximate value of the 50% equity being sold by Edison in Elpedison.
- €540 million – This represents the total enterprise value of Elpedison, calculated for the entire company.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Edison | Seller | Company | Edison is an energy company selling its 50% stake in Elpedison. |
| Helleniq Energy Holdings SA | Buyer | Company | Helleniq Energy Holdings SA is acquiring a 50% stake in Elpedison. |
| Elpedison | Target | Company | Elpedison is the company whose 50% stake is being sold by Edison. |
| DC Advisory | Corporate Finance Advisor | Company | DC Advisory acted as the advisor to Edison in this transaction. |