M&A Deal Summary

E.ON Connecting Energies Acquires Matrix Energy Management

On September 6, 2013, E.ON Connecting Energies acquired energy services and equipment company Matrix Energy Management from LDC

Acquisition Highlights
  • This is E.ON Connecting Energies’ 1st transaction in the Energy Services and Equipment sector.
  • This is E.ON Connecting Energies’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2013-09-06
Target Matrix Energy Management
Sector Energy Services and Equipment
Buyer(s) E.ON Connecting Energies
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

Matrix Energy Management

Bury, United Kingdom
Matrix Energy Solutions Limited provides energy management services. It offers Energy Management Centre for advanced data integration, first line support, site optimization, and remote software backup.

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Buyer(S) 1

Buyer

E.ON Connecting Energies

Essen, Germany

Category Company
Founded 2012
Sector Energy Services and Equipment
DESCRIPTION

Matrix Energy Solutions Limited provides energy management services. It offers Energy Management Centre for advanced data integration, first line support, site optimization, and remote software backup.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 56 of 210
Sector: Energy Services and Equipment M&A 2 of 3
Type: Add-on Acquisition M&A Deals 27 of 97
Country: United Kingdom M&A 54 of 204
Year: 2013 M&A 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-10 RVU

London, United Kingdom

RVU empowers people to make confident decisions with its unique set of brands, the excitement of a startup, and the strength of well-established, trusted household names. Uswitch.com is a comparison website for home services switching, helping consumers save money on their gas, electricity, broadband, TV, and phone. Confused.com is an insurance comparison platform that pioneering the way consumers make choices about financial services. Money.co.uk is a comparison website for financial services. Consumers can compare loans, credit cards, bank accounts, and insurance from more than 600 providers. Rastreator and LeLynx.fr are online comparison platforms in Spain and France respectively, helping consumers compare a range of financial services and home services products. Mojo Mortgages brings together smart tech and the best human mortgage experts to empower more consumers to access personalized mortgage recommendations. The company has the power to reach millions of consumers around the world, solving everyday complex problems through outstanding experiences. RVU was formed in 2000 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 AIM Altitude

Dorset, United Kingdom

AIM Altitude is dedicated to the design and manufacture of precision made lightweight interiors for the aerospace industry. AIM Aviation designs, engineers and manufactures cabin interiors for the world’s major airlines on Airbus, Boeing and military aircraft, from its base in the UK.

Sell -