Sale of Matrix & UK Power Distribution to Macquarie

BDO.LiveSite.Deals.DealTypeM&A & Transaction Services
BDO.LiveSite.Deals.IndustryNatural resources & Energy & Real Estate
BDO.LiveSite.Deals.SubIndustryConstruction & Renewables & power

The investment will see Macquarie Principal Finance PTY Limited, the global banking, advisory and infrastructure specialist partner with key management, who are all re-investing in the business alongside Macquarie.

Matrix Networks Group Limited is an Independent Connections Provider ‘ICP’ providing last mile multi-utility (water, gas and electricity) infrastructure installations across the UK.

UK Power Distribution Limited is an Independent Distribution Network Operator ‘IDNO’ which adopts, operates and maintains new electricity distribution networks throughout the UK.

Macquarie’s acquisition provides an exciting new chapter for Matrix and UKPD to accelerate its investment in connection assets and further extend the group’s position as the UK’s leading Industrial & Commercial specialist ICP.

"I would like to thank the BDO team for advising the Matrix and UKPD shareholders on this transaction.  BDO delivered an outstanding professional service throughout the process utilising their specialist skills and experience.  The management and control of the process has been excellent and I would have no hesitation in recommending BDO to anyone considering selling their business or seeking investment as we have. BDO’s vendor due diligence report was a thorough piece of work that demonstrated a strong understanding of the business and the key commercial considerations.  The performance of the whole BDO team underlines their ability to understand, interpret and clearly present complex business issues in a professional manner, often responding to challenging reporting deadlines. Their thorough and proactive approach enabled us to work closely with them throughout the transaction process and their input was invaluable in delivering the transaction”.

Robert Sparkes, Managing Director, Matrix Networks Group Limited