Munich, Germany \u2014 The River\u00adside Company, a global private equity inves\u00adtor focu\u00adsed on the lower middle market, has signed a defi\u00adni\u00adtive agree\u00adment to acquire a majo\u00adrity stake in Montel AS (Montel), a Norwe\u00adgian energy and power market infor\u00adma\u00adtion provi\u00adder owned by its foun\u00adder and manager.<\/p>\n
Montel, head\u00adquar\u00adte\u00adred in Oslo, is an inter\u00adna\u00adtio\u00adnal niche market leader provi\u00adding energy and power market infor\u00adma\u00adtion to energy produ\u00adcers, grid opera\u00adtors, finan\u00adcial insti\u00adtu\u00adti\u00adons, trading compa\u00adnies and indus\u00adtrial end users. The company\u2019s services are prima\u00adrily deli\u00advered through its proprie\u00adtary Montel Online subscrip\u00adtion-based plat\u00adform and include energy market news and real-time and histo\u00adri\u00adcal trading data.<\/p>\n
Montel provi\u00addes full-service energy infor\u00adma\u00adtion services and is the only focu\u00adsed provi\u00adder of energy market infor\u00adma\u00adtion services.<\/p>\n
\u201cThis acqui\u00adsi\u00adtion fits well with our invest\u00adment stra\u00adtegy. \u201cMontel is a true \u2018small market leader\u2019 in the energy infor\u00adma\u00adtion market and we believe the company is perfectly posi\u00adtio\u00adned to bene\u00adfit from the shift from fossil fuels to rene\u00adwa\u00adble energy sources in many parts of the economy,\u201d said Kars\u00adten Langer, Mana\u00adging Part\u00adner of River\u00adside Europe<\/strong>. \u201cWe are plea\u00adsed to invest along\u00adside the foun\u00adder and manage\u00adment team, who will remain with the company and conti\u00adnue to play an important role in the company\u2019s growth in the years to come.\u201d<\/p>\n River\u00adside will support Montel\u2019s growth by scaling the orga\u00adniza\u00adtion to further gain share in a growing market, deve\u00adlo\u00adping new products and services, and driving geogra\u00adphic expan\u00adsion. In addi\u00adtion, the Group will make selec\u00adtive acqui\u00adsi\u00adti\u00adons to expand its range of analy\u00adti\u00adcal services.<\/p>\n Montel\u2019s acti\u00advi\u00adties are highly aligned with various ESG aspects and the UN Sustainable Deve\u00adlo\u00adp\u00adment Goals, as its services help compa\u00adnies gain a better under\u00adstan\u00adding of their energy consump\u00adtion so they can take action to reduce the causes of climate change in the longer term and enable a smooth tran\u00adsi\u00adtion to rene\u00adwa\u00adble energy consumption.<\/p>\n \u201cWe are exci\u00adted to part\u00adner with River\u00adside in Montel\u2019s next phase of growth,\u201d said Tom Nyblin, CEO of Montel. \u201cIn gene\u00adral, the demand for infor\u00adma\u00adtion services and analy\u00adsis for the elec\u00adtri\u00adcity market is expec\u00adted to increase shar\u00adply in the future. By joining forces with River\u00adside, Montel is in a strong posi\u00adtion to capi\u00adta\u00adlize on these trends.\u201d<\/p>\n Working with Langer on the tran\u00adsac\u00adtion for River\u00adside were Senior Part\u00adner Dr. Michael Weber, Vice Presi\u00addent Dan Parksj\u00f6, Senior Direc\u00adtor Jeroen Lens\u00adsen, Opera\u00adting Part\u00adner Julian Heer\u00adde\u00adgen and Senior Legal Coun\u00adsel Peter Parmen\u00adtier. Prin\u00adci\u00adpal, Origi\u00adna\u00adtion, Ali Al Alaf broke\u00adred the tran\u00adsac\u00adtion for River\u00adside. \u2014 The closing of the tran\u00adsac\u00adtion is subject to custo\u00admary regu\u00adla\u00adtory approvals.<\/p>\n Consul\u00adtant Riverside:<\/strong><\/p>\n BAHR, Allen & Overy, Hannes Snell\u00adman Bain & Company, PWC, Deloitte and Code & Co. advi\u00adsed<\/strong>, while the company and its share\u00adhol\u00adders were advi\u00adsed by Alpha Corpo\u00adrate Finance, Wiers\u00adholm and BDO.<\/p>\n The River\u00adside Company<\/strong><\/p>\n The River\u00adside Company is a global private equity firm focu\u00adsed on invest\u00adments in middle-market growth compa\u00adnies valued at up to $400 million. Since its foun\u00adding in 1988, River\u00adside has made over 870 invest\u00adments. River\u00adsi\u00adde\u2019s inter\u00adna\u00adtio\u00adnal private equity and struc\u00adtu\u00adred capi\u00adtal port\u00adfo\u00adlios include over 130 compa\u00adnies. River\u00adside Europe is an inte\u00adgral part of the company\u2019s global network and has been inves\u00adt\u00ading in Europe since 1989. River\u00adside belie\u00adves this global presence provi\u00addes excep\u00adtio\u00adnal insight into local condi\u00adti\u00adons, culture and busi\u00adness prac\u00adti\u00adces, making the River\u00adside team better inves\u00adtors and busi\u00adness partners.<\/p>\n","protected":false},"excerpt":{"rendered":" Munich, Germany \u2014 The River\u00adside Company, a global private equity inves\u00adtor focu\u00adsed on the lower middle market, has signed a defi\u00adni\u00adtive agree\u00adment to acquire a majo\u00adrity stake in Montel AS (Montel), a Norwe\u00adgian energy and power market infor\u00adma\u00adtion provi\u00adder owned by its foun\u00adder and mana\u00adger. Montel, head\u00adquar\u00adte\u00adred in Oslo, is an inter\u00adna\u00adtio\u00adnal niche market leader [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":45319,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369],"tags":[],"class_list":["post-45321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","news-category-private-equity-news-en"],"yoast_head":"\n