A Fusion DEAL: TEAM (Energy Auditing Agency Limited) sold to EDW Technology

TEAM EDW-TechnologyTEAM (Energy Auditing Agency Limited) has been sold to EDW Technology Holdings Limited. Fusion Corporate Partners acted as corporate advisor for TEAM. The Fusion team was led by Paul Kelly, Director at Fusion. The terms of the deals were not disclosed.

TEAM specialises in energy management – monitoring and targeting software, EDI software solutions, tenant billing software, outsourced energy management services and energy consultancy.

Founded in 1985 by Paul Martin, TEAM has over 500 Commerce, Industry and Government customers in the UK and worldwide.

paul-kelly_f_1_120_1Speaking about the sale, Fusion’s Paul Kelly said, “It was a pleasure to represent Paul Martin and Peter Howell; and to work with their management team. They are a highly professional group with great industry expertise. Software is at the heart of the business and I am sure that with EDW’s support, TEAM’s innovative and highly scalable technology platform will unlock new opportunities in the UK and internationally. I wish them every success”.

EDW Technology has an extensive history of developing, implementing and supporting best-in-class retail electricity supply software solutions. With proven systems to support B2B electricity suppliers in the GB market EDW Technology has implemented solutions for energy retail start-ups as well as system replacements for more mature suppliers.

Simon-Miles-CEOSimon Miles, EDW Technology CEO said “We are incredibly excited about working with TEAM to grow our combined market presence and strengthen our product and service offering within the industrial and commercial utility supply and large energy consumer sector”.

TEAM founder Paul Martin, who will take up the position of non-executive director on the TEAM board said “We have built a leadership position in the UK market by consistently innovating, using our deep industry expertise to support our customers and evolve with the market. Being located in Milton Keynes, sharing the same software technologies and energy expertise makes EDW Technology a natural partner to continue the journey.”

Tim Holman, Head of Operations, Jon Lindop, Head of Development, and all other Managers will continue in their current roles.

UK, Milton Keynes

Related Fusion Transactions
(Business Support Services and Energy & Environmental Services)

Other Fusion Transactions

A Fusion Deal: Carbon Clear sold to EcoAct

carbon clear ecoactCarbon Clear, a major player in the UK environmental sustainability marketplace, has been sold to EcoAct Group, the climate expert and climate finance project developer headquartered in Paris. Fusion Corporate Partners acted as corporate advisor for Carbon Clear. The Fusion team was led by Paul Kelly, Director at Fusion. The terms of the deals were not disclosed.

The joining of the two companies will help businesses better manage their approach to climate change and sustainability by creating an international entity with expanded operations in Europe, North America and Africa.

EcoAct works with international clients to meet the demands of the Paris Climate Change Agreement, offering solutions to companies’ sustainability challenges. With the acquisition of Carbon Clear, new service offerings will be available across the global sustainability market including: assessing climate change risks and opportunities; strategic planning and target setting; managing and reducing energy and carbon emissions and; working with climate finance projects.

Combining forces is a natural fit for both EcoAct and Carbon Clear due to their shared corporate values. Both companies were formed over a decade ago to address dangerous climate change and both teams remain dedicated to this goal for the Group going forward.

Mark Chadwick, Chief Executive of Carbon Clear commented:  “Our new Group has the technical expertise, commercial knowledge and client-friendly approach that we believe is unparalleled in the market. The combined strengths of EcoAct and Carbon Clear mean we are a leading sustainability consultancy that has the resources and capabilities to do more for our clients through our new service offerings and broader geographic reach. Our committed and talented staff will use their complementary skills to continue to do the very best work from our offices around the globe.”

paul-kelly_f_1_120_1Paul Kelly, Director at Fusion Corporate Partners said: “It has been a pleasure working with Mark and the other shareholders at Carbon Clear. They are a great team and the fit with EcoAct is excellent. The combining of the two businesses creates a leading sustainability consultancy with a broader geographic reach. I wish them every success”

The Group will now be managed at an Executive Committee Level by: Thierry Fornas and Gérald Maradan, the founders of EcoAct; Mark Chadwick, the founder of Carbon Clear, and Sylvianne Villaudière, founder of CSR consultancy Alliantis, a company that joined the EcoAct Group in February 2017.

France, Paris & UK, London

Related Fusion Transactions
(Business Support Services and Energy & Environmental Services)

Other Fusion Transactions

Blackstone Acquires Clarion Events

ClarionPrivate equity firm Blackstone has acquired Clarion Events from Providence Equity Partners.

The terms of the deal were not disclosed, but it is being reported that Blackstone pre-empted the second round of an auction for Clarion by submitting a £600 million bid to Providence. Rival bidders included Cinven and Xio, the Chinese investment company.

Founded in 1947, headquartered in London and with almost 1000 employees in 13 offices worldwide, Clarion operates over 180 events and exhibitions in more than 50 countries globally across a range of vertical markets, including Retail & Home, Gaming, Defence and Security, Technology and Energy. Clarion’s best known events include The Olympia Horse Show, House & Garden Show and the Conde Nast Traveller Luxury Fair.

Lionel Assant, Head of European Private Equity at Blackstone, said: “We are delighted to invest in Clarion and back Chairman Simon Kimble and CEO Russell Wilcox in the company’s next chapter.  Clarion’s leading position in its markets combined with its strong management team will enable the company to continue growing both organically and through M&A.  Blackstone has a significant track record of investing in media businesses as well as buy and build platforms.  We look forward to working together with management to capitalise on its success.”

Providence, which acquired Clarion in 2015 for around £200 million, has an option to reinvest a portion of its proceeds from the sale into Clarion.

Russell Wilcox, CEO of Clarion Events, added: “We are extremely excited about our new partnership with Blackstone and see a great future going forward.  The management team has enjoyed an immensely productive and successful relationship with Providence, who have been tremendous partners over the last two years.  We have been impressed with Blackstone’s ambition and approach.  With their support and strategic leadership, we will be looking to expand our global platform even further, both through consistent organic growth and the successful integration of acquisitions into the portfolio.”

Further reporting

UK, London

Related articles:

 

Sizmek to Acquire Rocket Fuel for $125.5M

SismekSizmek, an advertising technology company owned by PE firm Vector Capital, is to acquire Rocket Fuel a technology company that offers a Predictive Marketing Platform designed to help marketers & their agencies connect with consumers through digital media, for $125.5 million, or $2.60 per share in cash, valuing Rocket Fuel at approximately $145 million. Rocket Fuel trades on the NASDAQ Global Select Market under the ticker symbol “FUEL.

“The acquisition of Rocket Fuel brings omni-channel creativity and AI-enabled decisioning together under one roof, providing our clients with a self-service predictive marketing platform that optimizes campaigns across the entire media plan,” said Dr. Mark Grether, Executive Chairman of Sizmek.

Collectively, Sizmek and Rocket Fuel service more than 20,000 advertisers and 3,600 agencies to global audiences in over 70 countries.

Rocket Fuel Inc revenues fell 1.16% in FY 2016 compared to FY 2015 to 456.26m. It made net losses of $66 million, compared to a loss of $211 million in 2015. Rocket Fuel’s net loss, adjusted for depreciation and amortisation, is expected to be between $4 million and $3 million in the second quarter of this year.

USA, New York, NY

Grey acquires full-service digital agency Sensio in France

wppWPP’s wholly-owned operating company Grey has acquired a majority stake in Extrême-Sensio in France. The terms of the transaction were not disclosed.

Sensio is a full service digital agency that offers services including consulting, design, technology and customer acquisition. Founded in 1998, the agency has around 75 people and is headquartered in Paris. Clients include Groupe PSA, AXA, E.Leclerc, Futuroscope, Häagen Dazs and Nexity. Sensio’s revenues were approximately €7.7 million for the year ended 31 December 2016 with gross assets of approximately €5.7 million as at the same date. The company is listed as one of the “Growth Champions” by Les Echos / Statista, and features in the Financial Times’ “1000 Fastest Growing Companies”.

UK, London & France, Paris

Related articles:

A Fusion Deal: Layer123 sold to Euromoney

layer123Layer123, a content and sponsorship-led events business focusing on innovation in the rapidly-evolving space of telecoms network strategy, has sold a 61% stake in the business to Euromoney. Fusion Corporate Partners acted as corporate advisor for Layer123. The Fusion team was led by Mark Eisenstadt, Director at Fusion. The terms of the deals were not disclosed. Euromoney has options to acquire the rest of the equity in Layer123 over the next few years.

EuromoneyLayer123 was launched in 2010 and offers telecoms network events specialising in knowledge exchange between technical and network strategy teams from telecoms operators, software and hardware vendors and other service providers. The main focus of the business is network innovation for carriers, including SDN (Software-Defined Networks), NFV (Network Functions Virtualization), SD-WAN (Software-Defined WAN), Security, 5G Core, Access & Transport Networking and Optical Networking.

The founders, Robert Jones and Mark Lum, will remain with the business for at least the next three years. Mark Lum is a widely respected analyst with over 30 years’ experience in carrier network markets. Robert Jones has 20 years’ experience in event organisation, founding and building some of the world’s leading telecoms networking conferences and exhibitions.

Layer123 will be managed as part of Rosalind Irving’s Telcap portfolio, further expanding Euromoney’s presence in the telecoms markets.

“Layer123 welcomes the opportunity to join the Euromoney family of events and knowledge-based businesses”, said Robert Jones. “We see real opportunities to build the business over the coming years within such a well-regarded organisation. As a fan of the Capacity events for well over a decade, I’m confident that Layer123 will feel very much at home. We look forward to working with you!”

mark-eisenstadt_f_1_120_1Speaking about the sale, Fusion’s Mark Eisenstadt said, “It was a pleasure to represent Mark Lum & Robert Jones and their market leading business, Layer123. They have created the industry knowledge exchange for network strategy professionals. Euromoney offer the right philosophy, experience and resources to help exploit the enormous market opportunities offered by this dynamic and disruptive innovation sector. Fusion previously represented Telcap in their acquisition by Euromoney and have witnessed it’s further meteoric growth under their guidance. We trust this new partnership will breed similar success.”

UK, London

Other Fusion Media & Business Information

List of all Fusion Transactions – HERE

Taptica Acquires Majority Holding in Adinnovation

Taptica, a global end-to-end mobile advertising platform for advertising agencies and brands, has acquired a majority shareholding in Adinnovation Inc., a Japanese mobile advertising agency, for up to $5.7 million.

Taptica is paying up to $5.7m for 57% of the issued share capital of ADI with approximately three-quarters payable immediately on closing and the remainder after 12 months based on ADI meeting certain targets. In addition, the Company has a call option to purchase the remaining 43% of the issued share capital of ADI for a price of 8x net profit and for a period of six months commencing three years after closing. Thereafter, ADI has a put option for a period of three months to sell at a price of 7x net profit.

Hagai Tal, Chief Executive Officer of Taptica, said: “We are delighted to welcome Adinnovation into the Taptica family. The two companies have been working closely together over the past year, generating revenues and profits together. The acquisition is expected to be accretive and earnings enhancing from day one and we also expect to benefit from a number of strategic synergies and mitigate the costs and risks we would have incurred to penetrate a market such as Japan organically. As a result, the Directors believe this transaction will be a key milestone in the continued international expansion of Taptica.”

Israel, Tel Aviv & USA, San Francisco, CA & Japan, Tokyo