Leclanché

TRANSACTION SYNOPSIS

  • In April 2017 Alexa Capital acted as the strategic and financial advisor to Leclanché completing a CHF 15m equity raising
  • Focus was on China manufacturing for Leclanche Li-Ion technology in Narada’s gigafactories in Hangzhou, with licensing of Leclanche manufacturing process for the China market


ALEXA CAPITAL’S ROLE

  • Alexa Capital sourced and negotiated a strategic partnership agreement with Narada Power of China
  • This partnership provided channel support for Leclanche systems designs for the China electric bus market
  • The transaction was fully negotiated and documented, but terminated due to restrictions imposed by China State (on currency controls for CHF30m investment into listed Swiss Holdco)

WHAT THE TRANSACTION MEANS FOR THE ENERGY SECTOR

  • Energy storage technology and batteries in particular will be a critical component of the global transition to a clean energy system
  • Storing and dispatching energy when needed enables a smoothing of output from renewable energy sources and the shifting of production to those times when demand is highest
  • As well as leading institutional investors, this transaction highlighted the continued interest in European energy technology companies from Chinese corporates