LDC-backed Ensek acquires NrgFin

This is Ensek’s first acquisition in continental Europe, and the first step in the company’s western European growth plan.

The company will continue to operate from its bases in Belgium and the Netherlands, which will be fully incorporated into Ensek.

The company’s founders, Ilse Melotte and Gunther Walmagh, have retained a significant minority stake and will continue in senior management roles. 

LDC acquired a significant minority stake in Ensek, with HSBC providing leverage to support the operation, in October 2017.

Company
Established in 2014, NrgFin is headquartered in Beringen, Belgium and also has operations in the Netherlands. The company provides finance services and products for energy suppliers and has a diverse range of B2B and B2C offerings. It employs 12 people.

People
LDC – John Green (investment director).

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