Sev.en Global Investments Completes Acquisition of Delta Group
Praque 16 December 2022 - Sev.en Global Investments (“Sev.en") is pleased to announce the completion of the acquisition of Delta Electricity Pty Ltd (“Delta”), the parent company of the Vales Point Power Station and the Chain Valley Colliery in New South Wales. The 100% equity acquisition of Delta Electricity and its related subsidiaries, was completed on the 15th Dec 2022 following all conditions precedent being met, including the granting of the necessary state and federal government approvals.
Sev.en is excited to welcome all the Delta employees into the Sev.en family group. With an international portfolio of vertically integrated power generation plants, Delta strengthens Sev.en’s position in Australia. Delta is a significant contributor to the energy stability in NSW and Sev.en looks forward to bringing value to local communities through our global experience and as a responsible long term operator with assets in Europe, the UK, the USA and in Australia.
With a rich endowment of natural resources, Sev.en is actively pursuing further opportunities to grow within the region and across a range of commodities. Sev.en has successfully demonstrated its ability to deploy long-term capital to businesses operating in sectors that are critical to the functioning of the modern economy. Sev.en’s Australian investments include:
- 100% of Delta Electricity in New South Wales
- 100% of the Salt Lake Potash project in Western Australia
- 50% interest in InterGen N.V. via its interests in the Millmerran and Callide power stations in Queensland
On the acquisition of Delta, Chief Executive of Sev.en Global Investments, Mr Alan Svoboda said:
“Delta is an important part of our growth plans in Australia. The positive work culture and quality of the assets aligns with our investment objectives of adding further generation capacity to our Australian portfolio. In doing so, Sev.en is also uniquely positioned to maximise the benefit to local communities as dedicated long-term investor and operator. We are committed to support the energy transition by providing reliable power supply and backup capacity as needed. Sev.en is further expanding our presence in the region as we expand our local team with the necessary expertise required to be successful in Australia.”
About Sev.en Global Investments
Sev.en Global investments is a family office investment group from the Czech Republic that deploys long-term capital in growth, restructuring and special situations worldwide, primarily in the energy, mining and adjacent sectors. Sev.en’s portfolio includes metallurgical coal mining assets in the United States as well as power generation assets in the United Kingdom and Australia (through our interest in the Millmerran and Callide power stations in Queensland and now completed acquisition of Delta Group in New South Wales). For further information, please visit www.7GI.com.
Gabriela Sáričková Benešová
Sev.en Group Spokesperson