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

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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

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Time Out Group acquires 80 Més 4 Publications

Time OutTime Out Group plc has acquired 80 Més 4 Publications, the Group’s Spanish licensing partner who currently runs Time Out in three cities in Spain.

 The Time Out brand launched in Spain in 2008 to cover Barcelona; Time Out Madrid followed in 2014 and Time Out Girona in 2016.

The business, acquired with cash and deferred share consideration, provides the Group with further growth and monetisation opportunities across e-commerce, advertising and Premium Profiles.

In August 2017, Time Out Group also added, at no cost, Time Out Singapore and Time Out Seoul to its network of owned and operated businesses which now comprises 76 cities in 20 countries. Including its licensing partners, Time Out has a worldwide presence in 108 cities across 39 countries.

Julio Bruno, CEO of Time Out Group plc, said: “Over the past several months, we have expanded Time Out Group’s footprint around the world as we continue to deliver on our strategy to grow our network of owned and operated businesses. We now have a strong presence in APAC and the acquisition of Time Out Spain will further consolidate our already significant presence in Europe.

UK, London & Spain, Barcelona

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WPP invests $5 million in Gimlet Media

wppWPP is investing $5 million for a minority stake in Gimlet Media, Inc., a global podcasting company based in the US.

Gimlet’s advertising and branded-content clients include Alphabet Inc., Ford Motor Company, PepsiCo, Match Group, eBay, Blue Apron, Goldman Sachs and Microsoft Corporation. Gimlet is based in Brooklyn, New York and was founded in 2014. It employs 85 people.

Gimlet’s podcasts are downloaded over 12 million times per month in over 190 countries worldwide. Gimlet’s programming spans a variety of verticals like StartUp (business), Reply All (internet culture), Mogul (music), Homecoming (scripted fiction), Uncivil (history), Science Vs (science), Crimetown (true crime), The Nod (Black culture), among many others. Gimlet also produces branded podcasts on behalf of advertisers. Since its founding, Gimlet has raised US$27 million in funding.

UK, London & USA, New York

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Gruner+Jahr acquire Eat-the-world

eat-the-worldGruner+Jahr GmbH has acquired Eat-the-world GmbH, the pioneer for guided culinary walking tours in Germany. The terms of the deal were not disclosed.

Eat-the-world was founded in 2008 by Elke Freimuth and Katrin Buck as a start-up in a typical Berlin based backyard building. Since then the Company has sustained a strong growth trajectory and today offers guided culinary walking tours in 35 German cities. The Company provides its customers with a look behind the scenes of a city and takes them off the beaten track on a cultural and culinary adventure, guiding them through small, authentic districts to carefully selected, owner-managed culinary shops. Prior to the sale, the Company was solely owned by its former managing directors Katrin Buck and Elke Freimuth.

Gruner+Jahr publishing director Frank Stahmer and food publisher Astrid Hamer will be responsible for Eat-the-world at Gruner+Jahr. Other Gruner+Jahr food brands include Beef !, Chefkoch, Delinero , Essen & Trinken or Jamie.

Germany, Hamburg & Berlin

 

https://www.eat-the-world.com
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Grey acquires a majority stake in hug digital in Dubai

GreyWPP‘s wholly-owned operating company Grey, the marketing communications agency, has acquired a majority stake in hug digital in Dubai. The terms of the deal were not disclosed.

hug is a Middle East-based digital agency that provides services including campaigns, social media, research, content marketing and influencer marketing. Clients include international, regional and local brands such as Americana, Al-Futtaim automotive group, Dubai Tourism and Shell.

hug digitalhug’s revenues for the year ended 31 December 2016 were approximately AED19 million, with gross assets of approximately AED7.4 million as at the same date. In addition to its Dubai headquarters, hug has offices in Egypt and India. In total the agency employs around 145 people.

UK, London & UAE, Dubai

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XLMedia PLC acquires www.Moneyunder30.com for $7M

XLMediaXLMedia, a provider of digital performance marketing, has acquired www.Moneyunder30.com (“MU30”), a US focused price comparison website for financial services, for $7 million.

MU30 is a personal finance site providing information for young adults wanting to make informed financial decisions, particularly around credit cards, loans, mortgages and savings accounts. The acquisition of MU30 helps XLMedia’s to expand further geographically in North America and to expand its footprint in the financial services sector.  XLMedia’s recently acquired of www.Greedyrates.ca, a Canadian focused credit card comparison website.

Ory Weihs, Chief Executive Officer of XLMedia, said, “As a leading personal finance review site, MU30 is a known publisher in the US, and with its existing footprint and brand recognition, it represents an excellent opportunity for XLMedia to increase its North American presence and expand within the financial services market.”

UK, Jersey, St. Helier & USA, Yarmouth, MA

TClarke plc acquires Eton Associates

tclarkeTClarke plc, a building services group, has acquired Eton Associates Limited a London based privately owned control systems specialist offering a variety of Building Management Systems.

ETON specialises in installing and maintaining sophisticated building controls systems on complex office buildings.  Recent projects ETON has been involved with include, 20 Fenchurch Street, Chiswick Park, One Canada Square, Bloomberg London, Lacon House and Angel Court.

TClarke has paid an initial cash consideration of £1.5 million, and a further £0.5 million will be released following agreement of the final completion accounts.  A further £0.6 million will be payable subject to earnings targets being met in the two years to 4th August 2019.

For the year ended 31 May 2016 (the latest financial period for which audited results are available), ETON reported revenues of £9.5 million and a pre-tax profit of £0.3 million.  As at 31 May 2016 it had gross assets of £3.2 million and net assets of £0.7 million.

ETON employs around 80 people and is currently based in London Docklands with a manufacturing plant in Essex.  The intention is to co-locate the operations of ETON at TCLarke’s London Head Office at Moorgate and at their prefabrication facility at Stansted.

Mark Lawrence, CEO of TClarke commented, “We welcome the ETON team to TClarke and I am confident that the business will reach new potential as part of a larger group enabling them to build upon the scale and number of projects undertaken.  Increasingly, our clients are demanding ever more sophisticated systems to control their buildings.  With this acquisition we are able to deliver a joined up ability to meet these demands.

Jamie Ward and Graham Millward were the two principal directors and owners of the business. Ward will remain with the business for a minimum of two years and Millward will remain available as a consultant to the business for a two-year period. 

UK, London

Keywords acquires La Marque Rose, Asrec, Dune Sound and Around the Word – all in Paris

keywordsKeywords Studios, a technical services provider to the video games industry, has acquires La Marque Rose SARL, Asrec SAS and the subsidiary companies of holding company, Dune Media SAS, trading as Dune Sound and Around the Word, which are all based in Paris and provide audio recording and localisation services to the video games industry internationally.

The businesses being acquired have combined annual revenues of €9.0 million and profit before tax of €0.9 million. The total aggregate consideration payable is €6.6 million on day one and up to a further €1.0 million over the two years to 31 December 2019, based on meeting performance targets for the combined businesses. Of the total aggregate consideration of up to €7.6 million, up to €6.7 million is in cash, and the remainder through the issue of 75,796 new ordinary shares in Keywords. Of this total, 9,534 new shares will be issued on day one (and are subject to a 12 month hard lock-in) and the balance will be issued on the first anniversary of completion.

Keywords intends to integrate La Marque Rose, Dune Sound, Around the Word and Asrec with their existing recording studio in Paris (acquired as part of the Synthesis acquisition in April 2016).  The scale of the combined operation will support an investment of around €1m in new audio recording studios and offices that will accommodate all 50 employees in a single location.

All but one of the six founders and shareholders will remain in the businesses with Michel Golgevit, founder of Dune being appointed as CEO of the combined companies.

La Marque Rose, founded in 1989, provides expertise in translation, project management and voice direction – from video game localization to dubbing of TV shows, trailers and ads. Established in 1998, Dune Sound (audio recording) and Around the Word (game localisation), which also has a small presence in Germany and in Canada, are together the largest providers of French language video game localisation.  Asrec started in 2010 and has been providing Keywords, Synthesis and Binari Sonori with French audio recording for the past four years.

Fulvio Sioli, European Managing Director of Keywords Studios, commented:

“These acquisitions are an important milestone in the development of our Localisation and Audio Services business lines in Europe. While the trend for game developers and publishers to increasingly source all languages from a single provider is clear, some clients continue to want to transact separately for individual languages. This is still most prevalent for those regarded as pillar languages of which French is probably still the most important.  The combination of La Marque Rose, Dune Sound, Around the Word and Asrec with our existing Keywords studio, gives us a leading share of this games production work.

Ireland, Dublin & France, Paris