EQUITY ACQUISITION — INTEGRATED UTILITY
CDD on Ardian’s €2.5bn acquisition of Energia across retail, renewables and generation. Timera deconstructed the vertically integrated portfolio into component exposures and used stochastic simulation to quantify price, volume and integration risk.
View our challenge, solution and results
Client Challenge
Ardian needed to understand value and risk across Energia's vertically integrated retail, renewables and generation portfolio ahead of its €2.5bn acquisition.
Our Solution
Timera deconstructed the portfolio into component exposures and applied stochastic simulation to quantify price, volume and integration risk.
Result
The analysis gave the investment team an independent view of portfolio earnings drivers, diversification and downside to support the acquisition decision.