Accenture acquires EnergyQuote JHA

EQ logoAccenture has acquired EnergyQuote JHA, a Pan-European energy management and procurement services provider. The terms of the deal were not disclosed.

Fusion Corporate Partners acted as corporate advisers to the shareholders of Energy Quote JHA. The team was led by Paul Kelly, director at Fusion.

Headquartered in London, EnergyQuote JHA provides services including energy procurement, risk management and strategy development, forecasting, energy contract management, portfolio management, carbon emissions reduction and utility bill management to clients in more than 22 European countries.

“Clients are increasingly seeking a single provider of energy procurement and management services that can address the full spectrum of needs – from reducing demand and risk to improving pricing and payment accuracy – across all geographies,” said Mike Salvino, group chief executive, Accenture Operations. “This acquisition will extend Accenture’s industry leading position in the procurement market and enhance our ability to provide comprehensive energy management services, putting us in an even better position to provide innovative business process services that deliver business outcomes to our clients.”

“Since its founding in 1992, EnergyQuote JHA has developed specialized technology and expertise in key areas that complement Accenture’s existing energy procurement and management offerings,” said Jonathan Lydiard-Wilson, CEO, EnergyQuote JHA. “This agreement with Accenture will benefit the clients of both companies, combining our proprietary technology and extensive energy market intelligence with Accenture’s own industry leading procurement capabilities and global reach.”

EnergyQuote JHA has 279 employees in offices across Europe including the UK and Romania, as well as India.

Fusion Deals:

Business Support Services and Energy & Environmental Services

Media & Business Information

Exhibitions & Conferences

Healthcare

Broadcast

Yardi acquires energy information and procurement company MCEnergy

MCEnergy logoYardi, a real estate and property management software company, has acquired MCEnergy, an energy information and procurement company based in Valhalla, N.Y. The terms of the deal were not disclosed.

MCEnergy energy management services include contract negotiations with leading electricity, natural gas, fuel oil and green energy supplierss. Turnkey submetering solutions and energy and environmental tracking software give property managers access to energy, environmental and sustainability data and information.

“Yardi continues to focus on advancing our clients’ energy-related objectives by providing options to actively manage consumption, cut costs and support environmental initiatives within a single full-business software platform. Acquiring MCEnergy is the latest step toward that goal, and we look forward to welcoming their energy, real estate and software expertise to Yardi,” said Gordon Morrell, executive vice president of Yardi.

USA, Santa Barbara, CA & Valhalla, NY

Pearson agrees to sell 50% stake in The Economist Group

EconomistPearson has agreed to sell its 50% stake in The Economist Group for £469 million, payable in cash.

EXOR S.p.A. has agreed to purchase 27.8% of The Economist Group’s Ordinary shares for consideration of £227.5 million and all of the B special shares for consideration of £59.5 million from Pearson. Pearson’s remaining Ordinary shares will be repurchased by The Economist Group for a total consideration of £182 million.

The sales comes just weeks Pearson sold the Financial Times to Nikkei for £884 million.

The Economist Group is a leading source of analysis on international business and world affairs, delivered through a range of publications and services including: The Economist newspaper, one of the world’s leading weekly business and current affairs publications with a circulation of around 1.6 million; Economist.com; the Economist Intelligence Unit; CQ Roll Call and TVC.

Pearson reports its stake in The Economist Group as an associate and includes 50% of its profit after tax in operating income. In 2014, The Economist Group contributed £21 million to Pearson’s operating income and approximately 3 pence to adjusted earnings per share. At 31 December 2014, the carrying value of Pearson’s investment in The Economist Group was £nil.

John Elkann, Exor’s chief executive, said: “By increasing our investment in The Economist we are delighted to affirm our role as one of the Group’s long-term supportive shareholders, along with the Cadbury, Layton, Rothschild and Schroder families and other individual stable investors.

The transaction is subject to a number of regulatory approvals and to approval by both a 75% majority of The Economist Group shareholders and the group’s independent trustees. The provisions of the City Code on Takeovers and Mergers do not apply to The Economist Newspaper Limited. The transaction is expected to close during the fourth quarter of 2015.

UK, London & Italy, Turin

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RPS Group acquires Norwegian consultancy Metier for around £22.3M

RPSlogoRPS Group plc has acquired Metier Holding AS, a Norwegian based consultancy providing project management and training services, for a maximum consideration of NOK 267million (£22.3 million).

Metier operates across Norway from its headquarters in Oslo. The company, which employs approximately 160 staff, was founded in 1976 and works primarily on projects associated with delivering public and private sector infrastructure.

Metier trades within similar markets to OEC, the Norwegian project management consultancy acquired by RPS in October 2013, with less focus on the oil and gas sector. It has also developed an internet based project management training capability. The activities of the two businesses will be integrated. 

52% of the Metier shares are held by external investors.  The remaining 48% is held by 64 Metier staff, who are remaining with the business.

In the year to 31 December 2014, Metier had revenues of NOK390 million (£32.6 million), and profit before tax of NOK35.3 million (£3.0 million), after adjustment for non-recurring items. Net assets at 31 December 2014 were NOK45.1 million (£3.8 million). Gross assets at 31 December 2014 were NOK159.1 million (£13.3 million).

RPS is acquiring the entire share capital of Metier for a maximum total consideration of NOK267 million (£22.3 million), all payable in cash. Consideration paid to the vendors at completion was NOK166.8 million (£14.0 million). Subject to certain operational conditions being met, two further sums of NOK49.2 million (£4.1 million) and NOK50.6 million (£4.2 million) will be paid to the vendors on the first and second anniversaries of the transaction respectively.

UK, Abingdon, Oxfordshire & Norway, Oslo

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Kier Group to acquire Mouchel for £265M

kier-logoKier, the FTSE 250 property, residential, construction and services group, has announced that it has entered a conditional agreement to buy French repairs and maintenance business Mouchel.

Mouchel provides advisory, design, project delivery and managed services to the highways and transportation, local government, property, emergency services, health, education and utilities markets in the United Kingdom, the Middle East and Australia.

Kier has agreed to acquire Mouchel for £265 million in cash, to be financed by a £340 million fully underwritten rights issue.

Mouchel reported group revenue (including share of JVs) of £616.6 million and underlying operating profit of £27.7 million for the year ended 30 September 2014. Revenues for the three months ended 31 December 2014 increased by 38 per cent. compared to the same period in the previous year. The Acquisition is anticipated to deliver pre-tax cost synergies of approximately £10 million in the financial year ending 30 June 2017, with integration costs of the Acquisition expected to be approximately £17 million.

The Acquisition creates an Enlarged Group with a pro forma combined order book of £9.3 billion (as at 31 March 2015), comprising Kier’s order book of £6.5 billion and Mouchel’s order book of £2.8 billion.

Haydn Mursell, Chief Executive of Kier, said: “Over the last three years, Mouchel has been transformed into a strong business with market leading positions. The combination of Kier and Mouchel, particularly in the provision of UK highways maintenance services, creates a leader in a growing marketplace. The Acquisition is consistent with and accelerates the delivery of our Vision 2020 strategy and will provide compelling value to shareholders.”

UK, Bedfordshire

BroadbandTV acquires YoBoHo

BBTV_Logo_black_writingMedia and technology business BroadbandTV (BBTV) has acquired kids content producer and publisher YoBoHo. The terms of the deal were not disclosed.

YoBoHoYoBoHo owns and operates HooplaKidz, one of the largest YouTube Kids and Family networks, as well as 27 other channels. The company has a video library of over 8,000 videos mainly produced by the company. The vast majority of its content is original Intellectual Property. All 55 YoBoHo employees will join BBTV. RTL Group, the European entertainment network, provided funding for BroadbandTV’s acquisition of YoBoHo.

“We’re very pleased to conclude the acquisition of a top player in the kids space at a time when the kids content vertical is experiencing burgeoning growth,” said Shahrzad Rafati, BroadbandTV Founder and CEO. “BroadbandTV is also making a multi-million dollar investment in YoBoHo to further expand its library of original content, broaden its international footprint, and further diversify its revenue streams.”

Canada, Vancouver, British Colombia

IRI acquires Chinese market research organisation Datasea

IRI_logoInformation Resources, Inc. (IRI) has acquired Datasea, a Chinese analytic services and market research company with deep knowledge and expertise in the retail and consumer packaged goods industries.

“We are building a Chinese company powered by the latest global insights, analytics and technology and bringing the latest tools and technology to this market,” said Andrew Appel, president and chief executive officer, IRI. The agreement represents the most recent execution of IRI’s strategic commitment to dramatically increase our geographic footprint to meet the global market research needs of our clients. It also complements other facets of IRI’s strategic direction, including expanding our data assets and leveraging this data with advanced analytics, plus consumer and shopper marketing services that enable our clients to achieve sustained levels of more rapid growth. We look forward to integrating IRI and Datasea’s strengths to bring enhanced offerings to our clients.”

In 2013, IRI completed the acquisition of Aztec, a provider of market measurement and related services in Australia, Canada, Hong Kong, New Zealand, South Africa, Sweden and the U.K. It also acquired FreshLook Marketing, which offers data and consulting services to the fresh food industry, in 2013.

Founded in 1996, Datasea clients include consumer packaged goods manufacturers and retailers, as well as companies in related industries, such as quick service restaurants and cosmetics. It maintains offices in Beijing, Shanghai, Guangzhou and Jinan, supported by a nationwide service network.

USA, Chicago, IL & China, Beijing

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