Mayfair Equity Partners says E.ON completes acquisition of OVO retail energy business

• E.ON completed the acquisition of OVO’s retail energy business, including the operating company, retail customers, and the OVO brand.
• Mayfair Equity Partners backed OVO since 2015, during which the customer base grew from 500,000 to more than 4 million households.
• Kaluza, incubated within OVO, now operates independently as an intelligent grid technology platform serving energy companies across eight markets.
• Mayfair’s funds will become controlling shareholders of Kaluza as part of the transaction.

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