M&A Deal Summary

KKR Acquires Smart Metering Services

On December 7, 2023, private equity firm KKR acquired infrastructure company Smart Metering Services for 1.3B GBP

Acquisition Highlights
  • This is KKR’s 7th transaction in the Infrastructure sector.
  • This is KKR’s 46th largest (disclosed) transaction.
  • This is KKR’s 27th transaction in the United Kingdom.

M&A Deal Summary
Date 2023-12-07
Target Smart Metering Services
Sector Infrastructure
Buyer(s) KKR
Deal Type Going Private
Deal Value 1.3B GBP
Advisor(s) Hogan Lovells (Legal)

Target

Smart Metering Services

Glasgow, United Kingdom
Smart Metering Services is an energy infrastructure company which owns, installs, and manages carbon reduction (CaRe) assets, including smart meters and energy storage. Smart Metering Services was founded in 1995 and is based in Glasgow, United Kingdom.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 465 of 483
Sector (Infrastructure) 7 of 7
Type (Going Private) 36 of 37
Country (United Kingdom) 27 of 29
Year (2023) 18 of 18
Size (of disclosed) 46 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Potter Electric

St. Louis, Missouri, United States

Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric Signal was founded in 1898 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 Greentide Maritime

United Kingdom

Greentide Maritime is a new maritime platform. Greentide Maritime is based in United Kingdom.

Buy -
Mergr

Product

Company

Legal