M&A Deal Summary

Sembcorp Industries Acquires UK Power Reserve

On May 31, 2018, Sembcorp Industries acquired utilities company UK Power Reserve from Inflexion and Equistone Partners Europe Limited for 216M GBP

Acquisition Highlights
  • This is Sembcorp Industries’ 1st transaction in the Utilities sector.
  • This is Sembcorp Industries’ 0th largest (disclosed) transaction.
  • This is Sembcorp Industries’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-05-31
Target UK Power Reserve
Sector Utilities
Buyer(s) Sembcorp Industries
Sellers(s) Inflexion
Equistone Partners Europe Limited
Deal Type Add-on Acquisition
Deal Value 216M GBP

Target

UK Power Reserve

London, United Kingdom
website
UK Power Reserve Ltd. is an independent operator, generating reserve power in times of critical need via its 185MW portfolio. UK Power Reserve Ltd. highly flexible distributed energy generating assets are spread across 32 locations in England and Wales and comprise 533 MW in operation with a further 480 MW in construction and development expected to come online by 2019.

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Buyer(S) 1

Buyer

Sembcorp Industries

Singapore, Singapore

website


Category Company
Founded 1998
Sector Utilities
Employees5,619
Revenue 7.8B SGD (2022)
DESCRIPTION

Sembcorp Industries is a provider of energy, water and marine group operating across six continents worldwide. Sembcorp Industries was founded in 1998 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Sembcorp Bournemouth Water Investment

United Kingdom

Sembcorp Bournemouth Water Investment Ltd. is a water company supplying drinking water to a population of approximately 440,000 people.

Sell £100M

Seller(S) 2

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.


DEAL STATS #
Overall 29 of 51
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 12 of 24
Country (United Kingdom) 29 of 50
Year (2018) 2 of 4
Size (of disclosed) 3 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 ITM

London, United Kingdom

ITM specialises in technology-led data audit, management, administration and migration services, working with pension funds, providers, trusts and administrators as well as other generalist financial institutions. ITM solves complex data problems for the pensions and insurance industry using technology and expertise. ITM was founded in 2003 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Mountain Warehouse

London, United Kingdom

Mountain Warehouse operates retail stores that offer outdoor clothing, footwear, and accessories for men, women, and kids. Mountain Warehouse was founded in 1997 and is based in London, United Kingdom.

Buy -
SELLER

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone Partners Europe Ltd is a private equity firm that invests in small to mid-sized companies with valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, and recapitalizations. Equistone Partners Europe Ltd. (formerly Barclays Private Equity Ltd) was formed in 1997 and is based in London.


DEAL STATS #
Overall 154 of 191
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 52 of 66
Country (United Kingdom) 70 of 84
Year (2018) 5 of 13
Size (of disclosed) 16 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Mademoiselle Desserts

Montigny le Bretonneux, France

Mademoiselle Desserts is a producer of frozen bakery products, such as pastry base, flaky pastry, flans, and unbaked and baked pies. Mademoiselle Desserts was founded in 1984 and is based in Montigny le Bretonneux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Travel Counsellors

Bolton, United Kingdom

Travel Counsellors is a travel marketplace for self-employed travel agents. Travel Counsellors was founded in 1994 and is based in Bolton, England.

Sell -