M&A Deal Summary

Blue Water Energy and Crescent Capital Group Acquire IMServ

On September 15, 2021, private equity firm Blue Water Energy and mezzanine finance firm Crescent Capital Group acquired information technology company IMServ

Acquisition Highlights
  • This is Blue Water Energy’s 1st and Crescent Capital Group’s 5th transaction in the Information Technology sector.
  • This is Blue Water Energy’s 11th and Crescent Capital Group’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-09-15
Target IMServ
Sector Information Technology
Buyer(s) Blue Water Energy
Crescent Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

IMServ

Milton Keynes, United Kingdom
IMServ is an independent energy data management provider with end-to-end energy data solutions that help organizations across all sectors make intelligent use of their energy. The company offers a range of specialist metering technology for electricity, gas, and water along with highly accurate energy data collection services. All of this is incorporated within an easy-to-view online data management analysis and reporting software platform. IMServ was founded in 1992 and is based in Milton Keynes, United Kingdom.

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Buyer(S) 2

DESCRIPTION

Blue Water Energy is a private equity firm focused on building energy companies. Blue Water looks to invest up to $150 million per project with a focus on production, upstream equipment and services, and midstream/downstream equipment and services. Blue Water typically invests in partnership with experienced management teams that have a track record of value creation. Blue Water Energy was formed in 2011 and is based in London.


DEAL STATS #
Overall 24 of 24
Sector: Information Technology M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
Country: United Kingdom M&A 11 of 11
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Optilan

Warwick, United Kingdom

Optilan is an independent security and communications systems provider for a range of blue-chip clients. Optilan is an established international provider of specialist security technologies and techniques that protect businesses and organizations from external threats.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Siccar Point Energy

Aberdeen, United Kingdom

Siccar Point Energy Ltd. is a full-cycle production, development and exploration company focussed on high quality, low cost, long-life assets on the UK Continental Shelf. Siccar business now includes interests in four of the largest UK assets by remaining reserves (Schiehallion, Mariner, Cambo, and Rosebank) as well as an extensive portfolio of additional high-quality material development and exploration opportunities. Siccar Point Energy is based in Aberdeen, United Kingdom.

Sell $1.5B
Buyer

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $40 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 64 of 67
Sector: Information Technology M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 20
Country: United Kingdom M&A 5 of 5
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 F45 Training

Austin, Texas, United States

F45 Training is a provider of fitness training services. F45 Training was founded in 2013 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 SRL Traffic Systems

Cheshire, United Kingdom

SRL Traffic Systems is a manufacturer and provider of portable and temporary traffic equipment. The company boasts a nationwide network of 26 depots. It has the industry’s widest range of temporary pedestrian and traffic light systems and is the UK market leader in the sale and hire to the traffic management sector. SRL Traffic Systems was founded in 1997 and is based in Cheshire, United Kingdom.

Sell -