Acquisition of EnAppSys by Montel Group

BDO.LiveSite.Deals.DealTypePrivate Equity & Transaction Services
BDO.LiveSite.Deals.IndustryTechnology & Media
BDO.LiveSite.Deals.ClientNameMontel Group

BDO provided financial due diligence services to Montel Group in relation to their acquisition of EnAppSys.

The Riverside Company, a global private equity investor focused on the smaller end of the middle market, has acquired EnAppSys, a data and analytics provider to the European energy market. The investment is an add-on to Riverside’s Montel AS platform, a Norwegian provider of energy and electricity market information.

Founded in 2003 in Middlesbrough, UK, EnAppSys currently serves B2B clients across the energy market, including traders, suppliers, generators, infrastructure businesses and the public sector. The company has a blue-chip customer base across 12 countries in Europe, plus the USA and UAE, and is the market leader in Great Britain, Ireland and the Netherlands.

“BDO provided valuable expert eyes on the vendor diligence pack, where we benefitted both from their deep sector knowledge and pro-active issues-driven communication. Their support for our W&I process and across our deal negotiations was also very valuable to us. We look forward to working with Derek, Mark and the team again in the future.” 

Dan Parksjö, Vice President, Riverside Europe Partners AB