FitzWalter Capital to acquire TriConnex and eSmart Networks from Nexus Infrastructure for £78m.

FitzWalter Capital, a private equity firm, agreed to acquire energy decarbonization and utility companies TriConnex and eSmart Networks from Nexus Infrastructure, an engineering and infrastructure company, for £78m. "Having undertaken a significant review of the Nexus Group, the Board believes that we have achieved a positive outcome for shareholders and stakeholders. The transaction today crystallises the inherent value of TriConnex and eSmart Networks and ensures Tamdown is well capitalised and able to progress with its two-year turnaround plan focusing on high quality contracts and improving operating margins towards those achieved historically," Richard Kilner, Nexus Chairman.