Acquired by
DIGITAL ENERGY
DIGITAL ENERGY
"Alexa Capital ran a very efficient dual track process for our Series B raise and then an acquisition. We appreciated the team’s tireless support through an arduous due diligence process. In the end we completed an excellent outcome for shareholders and the company, and now have the backing of Shell New Energies to grow our company"
Erik Nygard, CEO, Limejump
TRANSACTION SYNOPSIS
- In February 2019 Alexa Capital acted as financial and strategic advisor to Limejump
- Alexa managed a ‘dual-track’ process with a Series B funding round and M&A in parallel to build demand and create deal optionality
- The acquisition by Shell provides financial security and enables Limejump to accelerate growth and strengthen their product offering
ALEXA CAPITAL’S ROLE
- Alexa Capital advised on detailed preparation & positioning, engagement with investors & buyers across three continents, deal structuring, negotiation and project management through transaction completion
- Our in-depth collaborative advice and relationships have brought significant value beyond transaction support maximising value for shareholders
WHAT THE TRANSACTION MEANS FOR THE ENERGY SECTOR
- Limejump has become a market leader for demand response services. It provides a cloud-based software platform combined with access to the wholesale energy markets to create virtual power plants
- The move by oil & gas majors into the clean and digital energy sectors tells a compelling story about the changing landscape of the decentralised generation market