Alantra advises Audax in the signing of a strategic agreement with Shell for the purchase of energy in Spain


ServiceDebt Advisory

Feb 2023
Debt Advisory

Madrid – Alantra, the global investment banking and asset management specialist, has advised Audax Renovables, a vertically integrated Spanish energy group, on the closing of a strategic agreement with Shell Energy Europe Limited to supply electricity and gas in Spain. Through this agreement, Audax ensures a competitive supply of electricity and gas, a strategic advantage for sustainable and profitable growth.

The agreement ensures better access for Audax to forward-looking positions than going directly to the wholesale market, and will immediately improve Audax’s cash position, while boosting its competitiveness in the market to offer product differentiation to its customers.

Audax Renovables has a vertically integrated business model from 100% renewable energy generation to electricity and gas supply to final customers. The Company is well diversified internationally, with a presence across 9 countries (Spain, Portugal, Hungary, Netherlands, Poland, France, Germany, Italy and Panama). With 500.000 clients, sells 15.5TW of energy to final clients.

Shell is an international energy and petrochemical company with operations in more than 70 countries, representing one of the largest multinationals globally. This transaction will contribute to Shell’s energy transition strategy aimed at reducing the weight of its upstream and refinery portfolio businesses to become a net-zero emissions energy business by 2050.

For José Elías, Chairman of the Audax group, “This partnership demonstrates the company’s unswerving commitment to its customers and shareholders to guarantee an efficient energy supply by optimizing our management with a thoughtful cost control strategy and interesting growth opportunities”

For Javier García-Palencia, Managing Partner at Alantra, “This transaction demonstrates our global capacity to structure highly sophisticated deals that provide the best possible solution for our clients”

The Alantra team advising Audax included Javier García-Palencia, Carlos Rodríguez Viña, Antonio Sabater, Jose Suñer, Cristina del Pozo, Santiago Muñoz Taboada and Jaime Araguás.

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