Sydney, 19 March 2024: TP ICAP, a world-leading provider of market infrastructure, today announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm.

The acquisition is complementary to ICAP’s market-leading Australian Power and Gas brokerage business as well as giving clients access to the New Zealand Emissions Units (NZU) market. These are amongst the highest integrity units worldwide and sought after by global investors. 

Daniel Skipper, Aotearoa Energy’s founder, will continue to lead the company, which will carry on trading as Aotearoa Energy following completion of the acquisition. He will report into Kellee Campbell, Divisional Director, Energy & Commodities for Australia & New Zealand.

Kellee Campbell said, “This is a strategically important acquisition for ICAP, and indeed the wider TP ICAP Group, given our growth aspirations in both the region and sector. We are excited about working with Daniel and his team to bring new products and services to market, such as facilitating access to NZ Financial Transmission Rights, which Aotearoa Energy currently offer to a small number of clients.”

Daniel Skipper, Aotearoa Energy said, “TP ICAP’s acquisition marks the next exciting chapter in Aotearoa Energy’s journey of growth and innovation and aligns with our commitment to delivering exceptional brokering services to our customers. I am thrilled to complement our NZ energy market services with the additional resources, capabilities, and scale that TP ICAP can offer.”

                                                                                  ENDS

About ICAP

Part of the TP ICAP Group, ICAP is a world-leading intermediary in the wholesale financial, energy and commodities markets. We facilitate and execute trades on behalf of the world’s pre-eminent financial institutions, ensuring efficient and liquid markets.  In the Energy and Commodities Markets, we serve a well-diversified client base comprising physical trading companies, producers, banks, and the buyside. We offer brokerage solutions across a broad range of asset classes, including base and precious metals, emission credits, crude oil and oil products, electricity, natural gas, coal, freight, and weather derivatives.

About TP ICAP Group Plc

• Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.
• We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally.
• We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
  www.tpicap.com
   

Media Contacts:
 

TP ICAP

Tom Gilbert, Communications Director
+44 7741231950 
thomas.gilbert@tpicap.com

Maitland

H/ Advisors Maitland
M: +44 207 379 5151
tpicap-maitland@h-advisors.global