Who Owned OVO?

The question of who owned ovo unblocked has a complex answer, as the term “OVO” can refer to a few different companies:

1. OVO Energy

Founder: Stephen Fitzpatrick founded OVO Energy in 2009 as an independent energy supplier in the UK.
Ownership Structure: OVO Energy is privately held. Imagination Industries Limited, a holding company fully owned by Stephen Fitzpatrick, is the parent company of OVO Energy.
SSE Acquisition: In 2020, OVO Energy acquired the retail arm of SSE, becoming one of the largest energy suppliers in the UK.

2. OVO (Indonesian Payment Platform)

Founders: OVO was founded by the Lippo Group, a large Indonesian conglomerate.
Ownership Structure: OVO is primarily owned by Grab (a Southeast Asian ride-hailing and tech company) and Tokopedia (an Indonesian e-commerce giant). Other investors over time have included the Tokyo Century Corporation and Lippo Group.
Unicorn Status: In 2019, OVO became Indonesia’s first fintech unicorn (startups valued at over $1 billion).

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3. OVO Sound (Record Label)

Founders: OVO Sound was founded by Canadian rapper Drake, his long-time producer Noah “40” Shebib, and Oliver El-Khatib.
Ownership and Partnerships: OVO Sound operates as a record label in partnership with Warner Bros. Records and later formed a strategic partnership with Sony Music.

Clarifying OVO

It’s important to distinguish between these distinct companies when talking about OVO:

OVO Energy: A UK-based energy supplier.
OVO (Indonesia): A prominent Indonesian digital payments platform.
OVO Sound: A Canadian record label.

Recent Developments

In 2023, OVO Energy saw some restructuring. The parent company, Imagination Industries, moved OVO Energy into a new holding company, Energy Transition Holdings. Stephen Fitzpatrick remains the majority shareholder, alongside investors such as Mayfair Equity Partners, Mitsubishi Corporation, and Morgan Stanley Investment Management.

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Conclusion

The ownership of “OVO” depends entirely on which specific company you’re referring to. Each OVO operates in a different industry and geographical market, with its own founders and ownership structures.

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