Alinda Takes Energy Assets Group plc Private
A consortium led by Alinda Capital Partners has completed the acquisition of Energy Assets Group plc. The company’s shares have been de-listed and the company will operate now as an unlisted company.
Headquartered in Livingston, Scotland, Energy Assets is the largest independent provider of industrial and commercial gas metering services in the United Kingdom (by number of meters owned and managed) and is a major provider of multi-utility network metering and data services.
Chris Beale, Alinda’s Managing Partner, said, “Energy Assets is a company with a robust business model and exceptional management. We look forward to working with the management team to enhance Energy Assets’ position as it invests in the roll out of advanced meters in the UK.”
“We are delighted with Alinda’s investment in Energy Assets,” said Phil Bellamy-Lee, Chief Executive Officer of Energy Assets. “We believe that our company, our employees and our business partners will benefit from the capital and investment skills of Alinda as we move forward with our growth plans.”
The acquisition consortium comprised investment funds managed by Alinda which acquired approximately 75% of the company, and investment funds managed by Hermes Investment Management which acquired approximately 25%.