M&A Deal Summary

SSE Acquires The Energy Solutions Group

On July 31, 2014, SSE acquired business services company The Energy Solutions Group from Bridgepoint and PHD Equity for 66M GBP

Acquisition Highlights
  • This is SSE’s 1st transaction in the Business Services sector.
  • This is SSE’s 3rd largest (disclosed) transaction.
  • This is SSE’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2014-07-31
Target The Energy Solutions Group
Sector Business Services
Buyer(s) SSE
Sellers(s) Bridgepoint
PHD Equity
Deal Type Add-on Acquisition
Deal Value 66M GBP
Advisor(s) Dow Schofield Watts Corporate Finance Ltd. (Financial)
Travers Smith
Gateley (Legal)

Target

The Energy Solutions Group

Altrincham, United Kingdom
The Energy Solutions Group Ltd. is an independent building energy management solutions (BEMS) provider.

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Buyer(S) 1

Buyer

SSE

Perth, United Kingdom
Category Company
Founded 1989
Sector Energy Services and Equipment
Employees14,980
Revenue 10.5B GBP (2024)
DESCRIPTION

SSE is an energy company, and the broadest-based energy company. It operates across the energy value chain in the GB energy market, and generates and supplies energy to electricity and gas customers in Northern Ireland and the Republic of Ireland. SSE was founded in 1989 and is based in Perth, the United Kingdom.

DEAL STATS #
Overall 5 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 4 of 4
Year (2014) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-15 Endesa Ireland

Dublin, Ireland

Endesa Ireland Ltd. includes a 460MW CCGT (combined cycle gas turbine) which has recently entered construction at Great Island, Co. Wexford, and is expected to be commissioned in 2014. This modern and efficient gas-fired power plant will replace the existing 240MW fuel oil unit at the site, significantly reducing carbon emissions in Ireland.

Buy €488M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-13 SSE - SSE Energy Services Business

Perth, United Kingdom

SSE plc - SSE Energy Services Business engages in the supply of electricity and gas and in other energy-related services such as electrical contracting to business and household customers. SSE Energy Services supplies electricity and gas to around 6 million household and business accounts under the brands SSE, SSE Scottish Hydro, SSE Southern Electric, and SSE SWALEC.

Sell £500M

Seller(S) 2

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.

DEAL STATS #
Overall 43 of 109
Sector (Business Services) 4 of 11
Type (Add-on Acquisition) 13 of 38
Country (United Kingdom) 24 of 50
Year (2014) 7 of 9
Size (of disclosed) 31 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-16 Hallmark Hotel Group

Morley, United Kingdom

Hallmark Hotel Group Ltd. is a group of eight four-star hotels with 730 rooms.

Sell £75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-29 Moneycorp

London, United Kingdom

Moneycorp is a provider of cross-border payment services to SMEs, central and commercial banks, and high-net-worth individuals. Moneycorp offers a full suite of tailored international payment and currency solutions which enable clients to transact in over 120 different currencies. Moneycorp was founded in 1962 and is based in London, United Kingdom.

Buy £212M
SELLER

PHD Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 21M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

PHD Equity Partners is a small UK investment group focused on minority investments. The Firm looks to invest up to £10 million to support buyouts, acquisitions, recaps, and restructurings. PHD Equity Partners is based in Daresbury.

DEAL STATS #
Overall 2 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 2 of 3
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Liberty Printers

Croydon, United Kingdom

Liberty Services is a printer supporting the issuing, management and collection of penalty charge notices (PCNs) in the dynamic parking enforcement sector.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Modern Rugs

Newton Aycliffe, United Kingdom

Modern Rugs Ltd. is an online rug retailer. Modern Rugs offers an extensive selection of rugs in over 20,000 different design and size combinations catering for all tastes and markets.

Buy £3M
Mergr

Product

Company

Legal