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The merchant bank for energy & AI infrastructureIssue 248 · Redefining Energy
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Manifesto · The Fifth Industrial Revolution

For two hundred years the world ran on molecules. The next hundred run on electrons.

Yesterday's giants will call it a cycle. It is not a cycle. It is a new economy being born, and we sit where it begins: where energy meets intelligence, and where both meet capital.

Alexa CapitalM&A · growth capital · infrastructure finance

It is not a cycle.

Where we work

One network, from the power plant to the data hall.

Generation, storage, grids and compute are one system now. We advise, finance and invest across all of it, and we publish what we learn.

  • Energy generation & storage
  • M&A advisory
  • Grid & flexibility
  • Growth capital
  • Data centres & compute
  • Infrastructure finance
The Dispatch · Alexa CapitalIssue 248
Energy & compute
Deals · research · conversationsIt is not a cycle

For two hundred years the world ran on molecules. The next hundred run on electrons.

We sit where it begins: where energy meets intelligence, and where both meet the capital to bring them to life.

Deal note

Aggreko: the $3bn take-private

eInfrastructure, M&A.

Deal note

Smart Wires: $75m Series I

Grids, growth capital.

Podcast

Redefining Energy: BESS, who is making money?

Episode 245.

Insights Council

An evening for the few who set the agenda

Bi-monthly, invitation only.

M&AGrowth capitalInfrastructure financeEnergy & compute
The thesis

Turning electrons into intelligence.

Something has changed. Machines have learned to think. And thinking, it turns out, is made of electricity. Every solar field, every reactor, every cable across the sea now feeds something new: intelligence that works for us.

Electrons go in. Progress comes out. Medicines that arrive in years, not decades. Energy so abundant it stops being a constraint. Machines that take the burden, so people can take the meaning.

This is the Fifth Industrial Revolution, and it will move faster than any before it.

Most will watch it happen. The companies that will define the next century are being founded right now.

We build alongside the founders. We connect them to those who own the grid. And we invest in what we help create.

$[x]B+Transaction value advised since 2012To confirm
[x]+Completed M&A and financing engagementsTo confirm
[x]+Years of combined partner experienceTo confirm
The desks

Three ways we move the transition forward.

i.

M&A

Sell-side, buy-side and take-private mandates, run as tight, competitive processes by bankers who know the buyers.

  • Sell-side & buy-side
  • Take-privates
  • Recap & special situations
ii.

Growth capital

Strategic capital raising for the platforms scaling storage, grids, flexibility and compute power.

  • Strategic capital raising
  • Private placements
  • Dual-track raise and sale
iii.

Infrastructure finance

Debt and structured financing for the physical build-out behind the energy system and AI.

  • Infrastructure financing
  • Debt advisory
  • Structured financing
The ledger

Deal notes, and what the founders said.

A selection from the engagements on the current site, figures as published there.

M&ASector
$3bn

Aggreko

Take-private

eInfrastructure
$60m

Younicos

Sell-side M&A, sale to Aggreko plc

Energy storage
Dual track

Limejump

Series B raise, then sale

Digital energy
Three deals

Anesco

Capital release, then group sale

Solar + storage
FinancingsSector
$50m

Younicos

Strategic raise with Panasonic and First Solar

Energy storage
$75m

Smart Wires

Series I capital raise

Grids
$60m

Corvus Energy

Capital raise

Marine decarbonisation
$35m

PeakPower

Capital raise

Flexibility
In their words
"One of the tightest, most efficient and effective run sellside processes I've seen."
Stephen Prince, CEO, Younicos AG · on the sale to Aggreko plc
"A very efficient dual track process for our Series B raise and then an acquisition."
Erik Nygard, CEO, Limejump · now backed by Shell New Energies
Every engagement becomes a deal note with its own page, filterable by M&A, financing and sector.All engagements →
This fortnight

Research and conversations from where energy meets intelligence.

Raising, selling or building? Talk to a partner.

For mandates, investment and a seat at the Insights Council. People come for the thinking and stay for the deal.

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