Verdane Acquires Portfolio of Tech Stakes From bp in Energy Digitalisation Push

Verdane, the European growth buyout investment firm, has acquired a portfolio of minority ownership stakes in more than 10 technology businesses from bp. The deal spans companies working across the digitalisation of the energy industry and the evolution of transport, sectors Verdane says are helping make the energy transition more efficient through technology. Financial terms and the specific companies involved were not disclosed.

 

The acquisition extends Verdane's stated focus on backing companies contributing to the digitalisation of the global economy, drawing on more than 20 years of experience and over 50 prior portfolio transactions. Rather than acquiring full ownership, Verdane will partner with the existing management teams running each portfolio company, providing operational support across functions including go-to-market strategy, data, finance and talent as the businesses continue to scale.

 

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The transaction was structured through Verdane's Freya funds, which the firm says carry flexible mandates allowing it to source complex transactions of this kind, including working with listed companies such as bp to offer liquidity solutions for non-core holdings. That flexibility is what enabled Verdane to acquire a diversified bundle of minority stakes in one transaction rather than negotiating each holding separately, a structure well suited to a large corporate seller looking to divest a scattered portfolio of smaller technology investments at once.

 

Melanie Campbell, Principal at Verdane, said the firm was looking forward to working closely with the management teams of the acquired companies as they continue to digitalise and decarbonise the global economy, framing the transaction as delivering value for all parties through Verdane's flexible mandate and sector experience.

 

Source: Verdane