Jamieson advises the management of Energetics on its acquisition by Infracapital.
Infracapital, the infrastructure equity investment arm of M&G Prudential, has agreed to acquire a controlling equity stake in Energetics, one of the UK’s largest Independent Network Owners, from Macquarie Principal Finance, part of Macquarie’s Corporate and Asset Finance division (“Macquarie”) and other individual shareholders including management. Senior management will retain a stake in the business.
Energetics designs, owns and operates ‘last mile’ electricity and gas connections across the UK. Since 2006 the business has built a significant existing network of 225k installed connections servicing residential and commercial customers. The investment is expected to deliver stable inflation-linked cashflows over the long term, benefiting from a well-established regime and long-life assets. Energetics is led by a strong management team, supported by a highly skilled workforce, possessing deep experience in the sector, plus a demonstrable strong track record in delivering stable performance and sustainable growth.