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AURELIUS Group: AURELIUS successfully closed its second co-investment acquisition SSE Contracting

·3-min read

DGAP-News: AURELIUS Group / Key word(s): Takeover
01.07.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

AURELIUS successfully closed its second co-investment acquisition SSE Contracting

Munich/London, July 1, 2021 - AURELIUS today announces that it has successfully closed the acquisition of SSE Contracting Limited ("SSEC") from SSE Plc in a complex carve-out of the multi-disciplinary Mechanical and Electrical ("M&E") contracting business for an enterprise value of £27.5 million. As a standalone business SSEC is one of the biggest M&E contractors in the UK and Ireland providing mechanical, electrical, rail, street lighting and high voltage engineering services to install and maintain key infrastructure. The transaction has been structured to be the second under the newly implemented co-investment program of AURELIUS.

Operating from its nationwide network, SSEC has around 1,900 employees and high voltage ("HV") engineers that provide essential energy infrastructure for a range of public and private sector clients, including hospitals and schools. It is the largest street light contractor in the UK, and maintains over one million streetlights in the UK and Ireland. SSEC's Rail division works with vital transport services such as Transport for London and Network Rail to deliver mechanical, electrical and civils activity.

AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid, Amsterdam and Luxembourg. Since its foundation in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.

Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA ("AEO"; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy's core element is operational support of its portfolio companies with a team of about 100 in-house operating taskforce experts.

AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Investments invests in leveraged buyouts usually in succession situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.

With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.

To find out more, visit

SSE is a leading generator of renewable electricity in the UK and Ireland and one of the largest electricity network companies in the UK. It employs 12,000 people across the UK and Ireland and develops, owns and operates low carbon infrastructure to support the zero-carbon transition, including onshore and offshore wind, hydro power, electricity transmission and distribution grids, efficient gas and energy from waste, alongside providing energy products and services for businesses. It is UK-listed contributing on average £9bn to the economy and is a real Living Wage and Fair Tax Mark accredited company.

SSE Contracting is one of the largest contracting businesses in the UK, offering a broad scope of mechanical, electrical and street lighting services, and working out of 50 regional offices. It has around 1,900 staff providing essential energy infrastructure for a range of public and private sector clients including: schools, substations, power stations and hospitals. SSE Contracting also maintains over one million of the UK and Ireland's street lights making it the largest provider of street lighting. Its rail division delivers trackside projects for the likes of Transport for London and Network Rail.


01.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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