A robust structure to build on
Shipping gas is a complex business in a dynamic market. Thanks to Legia Capital’s involvement, EEP now has a more robust structure. In his role as CEO, the original co-founder can now focus on his company’s core business.
Partner buy-out
European Energy Pooling (EEP) is an independent natural gas transmission operator that also provides balancing services to companies that don’t have the resources in-house. The company was set up by two partners in 2011. In 2020, when the passive shareholder wanted to pull out of EEP, the remaining shareholder was faced with a problem. Not only was he looking for a partner to enable a change in shareowner status; he also wanted an additional manager on board to help share the load.
Tripartite structure
He struck a deal with Legia Capital, which not only injected capital but also brought another partner on board. The upshot is that EEP now has two people at the helm and a co-shareholder who is actively involved.
Growth doubled despite energy crisis
“Legia Capital takes care of administration, invoice tracking and financial analysis for me,” explains the original co-founder. “I’m a mechanical engineer. I can read a balance sheet, but I’m no economist and that’s where Legia supports us. When I receive information about a potential new client, I routinely pass it on to Legia Capital for thorough analysis. They’re also a great sparring partner on growth strategy. We doubled our growth in 2023.”
Activity:
Independent natural gas transmission and balancing services. Active in the Benelux, France, the UK, Spain and Denmark.
www.europeanenergypooling.com
Type:
Owner buy-out
Investment date:
February 2021
