International private equity firm Cinven is to acquire a majority stake in Amara NZero, an energy transition player focused on decarbonisation, electrification, energy efficiency and digitalisation from ProA Capital. Financial terms of the transaction have not been disclosed.
Headquartered in Madrid, Amara NZero is a B2B distributor of products and services used in the energy transition market. Drawing on its extensive experience in sustainable energy, Amara NZero is a key contributor to the transition to a low-carbon economy.
ProA Capital, Pablo Arnus, the Company’s Chairperson, and Gonzalo Errejón, the Company´s CEO, will retain minority stakes in the business and remain key partners to Amara NZero as it enters its next chapter.
ProA Capital acquired a majority stake of Amara NZero in 2021, coinciding with the appointment of Errejón as its CEO. In just two years, the company has achieved a complete transformation into a 100% energy transition company. In addition, it has hired senior talent in the management team and created a strong corporate culture aligned with the interests of its stakeholders and society.
The transaction is subject to regulatory approvals and other customary closing conditions.
