JBR M&A transaction
EOLOS and Prorsum
JBR acted as M&A advisor to EOLOS
JBR Corporate Finance's deal team consists of:
Ronald van Rijn and Harold Brummelhuis
EOLOS is attracting growth capital to support its future growth.
In September 2019, Prorsum AG participated in EOLOS by providing a significant equity stake to accelerate its international growth.
JBR acted as M&A advisor to the shareholders of EOLOS.
JBR assisted in deal structuring, financial modeling, preparation of the information memorandum, identifying and approaching potential investors, as well as advising during negotiations.
EOLOS chose JBR as its exclusive consultant because of its extensive network and expertise in the maritime, offshore and energy sectors.
Facts and figures
EOLOS
EOLOS Floating LIDAR Solutions SL is a Spanish startup company that specializes in the development of floating LIDAR (Light Detection and Ranging) buoys. These buoys are designed to collect wind data in offshore environments.
- Key customers are offshore wind farm investors who need reliable wind measurements to estimate wind energy potential
- The data provided by EOLOS significantly reduces the uncertainty and financial risks of the project, while increasing its bankability
- EOLOS owns, maintains and operates a fleet of floating LIDAR systems
PRORSUM AG
PRORSUM AG is a Swiss-based investment company focused on the energy, water and mobility sectors. The company advises institutional investors on sustainable private equity investments in compliance with the United Nations Sustainable Development Goals.
- Prorsum AG is providing a significant capital injection to EOLOS. The funds will be used to accelerate international expansion and enable EOLOS to better serve its customers with a focus on multi-cuff projects.
Sept. 26, 2019
Press Release
EOLOS, a start-up, has completed a significant capital injection from Swiss investment firm Prorsum AG. Rajai Aghabi, CEO and founder of EOLOS, describes the capital increase as "an important milestone for EOLOS, giving the current team the flexibility and capacity to grow both nationally and globally in the market of complete wind data measurement for offshore wind, not only by strengthening our financial position, but also through the extensive network within the energy sector that Prorsum can provide."
The financing significantly strengthens stability both towards customers and the entire supply chain. Aghabi notes, "The rapid growth of the wind industry in Europe, North America and Asia provides EOLOS with tremendous growth opportunities. The capital increase will enable EOLOS to better serve its customers with a trend toward multi-buoy projects and expand its global presence."
EIT InnoEnergy, the innovation engine for sustainable energy across Europe, provided seed capital for EOLOS in 2014 and continues to support the company. Diego Pavia, CEO of EIT InnoEnergy, acknowledged that "the growth and development of EOLOS are a reference case within our renewable energy portfolio, confirming the effectiveness of our participation in the company and our nurturing of the team in their early years. I am very proud of the EOLOS team for taking this step, in line with the projections they set and committed to."
CEO and founder of Prorsum, Otto von Troschke, said, "We are delighted to become the largest shareholder of EOLOS following the capital increase. Rajai and his team have made EOLOS one of the market leaders in the complete floating LIDAR segment in recent years and have attracted some of the largest utilities in the offshore wind industry as customers. Because of the acceleration of offshore wind development time, EOLOS can have a valuable impact on SDG 7."
Contact the deal team personally
Ronald van Rijn
Managing Partner JBR
Harold Brummelhuis
Principal