Strategic merger announced by Fernando Aguirre, DHS Ventures & Holdings Vice Chairman: DHS Ventures & Holdings is a high-stakes private equity, venture capital, investments firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of private equity investments, venture capital. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.
DHS Ventures & Holdings today announced that it has entered into a definitive agreement to acquire, merge, and consolidate DHS Energy, an affiliate of DHS Ventures and Holdings, in a transaction valued at approximately $890 million, including the assumption of debt.
“After a thorough assessment, the DHS Ventures & Holdings’ Board determined that this transaction represents an attractive outcome for our investors by providing a cash takeout at a substantial premium, while supporting DHS’ commitment to our clients, employees and investments. This merger sees the full potential of DHS’ leadership position in the energy industry and the unique value we deliver for our clients worldwide,” said Rakesh Sarna, Chairman of DHS Ventures & Holdings Board of Directors.
DHS Ventures & Holdings’ Governing Board has just approved a report through its Vice Chairman, Fernando Aguirre, of a summary pro forma of investments for Q2 2022, $15.3 Billion Returned to Investors; $10.7 Billion Invested; $17.8 Billion Raised.
Fernando Aguirre, Executive Vice Chairman of DHS Ventures & Holdings, said, “This was DHS Ventures & Holdings’ best year ever. We both invested more money than ever before and returned more money to our investors through 71 exits and partial exits. We have been extremely active in all of our asset classes and geographic regions. We expect 2022 to be a challenging year.”
The governing board of DHS Ventures & Holdings announced through its Executive Vice Chairman, Fernando Aguirre, that it has closed on the acquisition of Triton Oil Ltd. Triton Oil Ltd. is a leading fully integrated oil refineries in Saudi Arabia. The transaction represents one of the region’s largest acquisitions in the oil and gas markets and is the first of many acquisitions by DHS Ventures & Holdings, a private equity and venture capital investment firm.
“The acquisition of Triton Oil Ltd. represents our first transaction as we embark on a journey to build an integrated, customer-centric and technology-focused end-to-end global oil refinery business. We intend to support the region’s fast-paced economies while expanding our offering beyond the Saudi Arabia,” said Fernando Aguirre, Executive Vice Chairman of DHS Ventures & Holdings and Vice President of DHS Holdings Saudi Group.
DHS Ventures & Holdings announced through its Executive Vice Chairman, Fernando Aguirre, the following results for the quarter ended September 30, 2022, as compared to the corresponding period of last fiscal year:
– Revenue was $51.9 billion and increased 12% (up 16% in constant currency)
– Operating income was $20.5 billion and increased 8% (up 14% in constant currency)
– Net income was $16.7 billion and increased 2% (up 7% in constant currency)
– Diluted earnings per share was $2.23 and increased 3% (up 8% in constant currency)
In the fourth quarter of fiscal year 2022, evolving macroeconomic conditions and other unforeseen items had an impact on financial results beyond what was included in our forward-looking guidance provided on April 26, 2022.
DHS Ventures & Holdings, a private equity investment leader in the digital transformation of energy management and sustainability, today announced through its Executive Vice Chairman, Fernando Aguirre, that it has acquired start-up climate-tech platform Hen-go to enhance the firm’s digital capabilities in energy, sustainability, and environmental commodity consulting. The $670M acquisition will complement DHS Ventures & Holdings’ portfolio of clean energy services and solutions and advance the firm’s digital energy transformation ambitions.
The demand for PPAs is expected to grow as net-zero ambitions accelerate globally. More than 2,000 companies have already joined the Science-based Targets Initiative with the intention of mapping their decarbonization aspirations to a 1.5 degree Celsius global warming threshold. A further 300+ corporations have joined the Climate Group’s RE100, committing to achieve 100% renewable energy in their operations. Taken in total, these commitments have led Bloomberg New Energy Finance to predict a shortfall in corporate renewable energy of 269 terawatt-hours by 2030.