Energy Takeover

Energy: Zenith Energy gets a $150m takeover offer; shares fly 40pc

Zenith Energy (ASX:ZEN) has become the latest target of leveraged buyout private equity firm Pacific Equity Partners (PEP), receiving a $150m takeover proposal. Zenith is a remote power station operator with a unique battery-free hybrid solar-diesel system. Its clients include Independence Group’s (ASX:IGO) Nova nickel-copper-cobalt operation in Western Australia’s Fraser Range region.  Pacific Equity Partners said Zenith, which is keen on accepting the offer, had a high quality portfolio of power generation assets.