31st July 2014

Bridgepoint Development Capital and PHD Equity Partners have completed the sale of The Energy Solutions Group, the leading provider of energy management solutions to SSE plc for an initial consideration of £66m. ESG works with both private and public sector customers to provide solutions that reduce energy consumption, minimise costs and create sustainable energy savings. ESG whose customers have property portfolios ranging from single buildings to very large complex estates will continue to be led by the existing management team and will join the SSE Enterprise division which is seeking to service the wider energy needs of industrial and commercial customers. At a time when managing energy costs and environmental impact are key priorities for businesses ESG can typically save customers in excess of 20% of their energy consumption reducing carbon footprint.
DSW Corporate Finance Limited acted for ESG and Bridgepoint Development Capital on the transaction. Mark Watts commented “We are delighted to have advised ESG and Bridgepoint on the transaction with SSE plc. The business is a fast growing solution provider in the developing market for business to business energy services. The Group’s energy data analytics capability together with the team’s technical energy management skills proved a key attraction to SSE in its strategy to make the consumption of energy more sustainable.”
Andy Dodd from PHD Equity Partners commented “We invested in ESG in 2011 as we believed in the growth potential of the energy management market and the strong market position of ESG, the management team have developed a range of energy services capability that has delivered excellent growth and positions them to develop strongly under the ownership of SSE”
ESG were also advised by Laytons (Legal – Company), Gateley (Legal – Management), Dow Schofield Watts Transaction Services (Vendor Due Diligence)