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New Deal


Announced

Aurelius Group to acquire the contracting business of SSE for £27m.

Financials

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Transaction Value£27m
Consideration TypeCash, Loan Notes, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Energy / Utility Services

Pending

Friendly

mechanical services

Domestic

Private Equity

Single Bidder

Private

Majority

United Kingdom

Acquisition

Synopsis

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Aurelius Group, an asset management company, agreed to acquire the contracting business of SSE, a generator of renewable electricity in the UK and Ireland, for £27m. "Aurelius has a proven record of actively supporting the companies they work with, so this change of ownership should provide a good home for the Contracting business. It leaves the SSE group more focused around its renewables and networks core, allowing the Contracting business to thrive in an environment better suited to its ambitions," Gregor Alexander, SSE Finance Director.

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