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Shell Energy

Project Overview

Acted as Transaction Review Consultant for Shell’s acquisition of Sprng Energy from Actis (US$ 1.55 bn). Worked with Shell’s Opportunity Value Assurance (OVA) Team in Netherlands and Singapore, evaluating all aspects of the transaction including valuation and assumptions, likely competition/bid tactics, post-merger challenges, potential upsides, post-merger capital recycling options, alternatives available (other acquisition/JVs options). We provided inputs and perspective on Indian renewables sector and fundraising/capital markets, competitive scenario, and likely bid behaviour of peers/competitors.

Our Role

  • Consultant with Shell’s Opportunity Value Assurance (OVA) Team in Netherlands and Singapore. 

  • Evaluated OVA team transaction: valuation, competition, post-merger challenges, upsides, capital options, and alternatives for effective decision-making.

  • Acted as a sparring partner, questioning assumptions/valuation taken by the bankers and deal team.

  • Provided inputs and perspective on Indian renewables sector and fundraising/capital markets, competitive scenario and likely bid behaviour of peers/competitors

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