Transaction summary

MIDDELBURG, February 23, 2017 – On 23 February, the shareholders of DELTA NV agreed to the sale of its retail organisation to the infrastructure fund EQT. The acquisition price is 488 million euros. The transaction will be effected by transferring the shares in DELTA Comfort B.V. (including DELTA Kabelcomfort Netten BV and ZeelandNet BV) to EQT Infrastructure. DELTA Retail will retain the names DELTA and ZeelandNet and will remain based in Zeeland.

Official press releases: DELTA and EQT

Emendo Capital acted as exclusive financial adviser to the Shareholders of DELTA (now PZEM).

About Delta Comfort (now DELTA)

Delta Comfort offers multimedia and energy solutions to residential and business clients in the province of Zeeland. Delta Comfort owns and operates a hybrid fiber-coaxial (HFC) network of 3,400km of fiber and 3,000km of coaxial cables, which passes 192,000 households in the region. Delta Comfort employs approximately 370 people and generated sales of € 214 million in 2015. It is headquartered in Middelburg, the capital of Zeeland, Netherlands.

For additional information on Delta Comfort, visit delta.nl.

About PZEM (formerly DELTA)

PZEM activities are aimed at production, trade and delivery of energy products and –services on the B2B market. We proactively participate in the transition to a CO2 neutral energy supply. PZEM increases the guarantee of energy supply with flexible back-up capacity, in case wind and solar methods generate less energy than anticipated. DNWG is part of PZEM. DELTA Network Group offers services in the field of technical infrastructure (electricity, gas, water and data) and metering technology.

For additional information on PZEM, visit pzem.nl.

About EQT

EQT is a leading alternative investments firm with approximately € 31 billion in raised capital across 21 funds. EQT Funds have portfolio companies in Europe, Asia and the US with total sales of more than € 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. EQT Funds current investments in the Netherlands include TransIP, Bureau van Dijk and 3D Hubs.

For additional information on EQT, visit eqtpartners.com.