DGAP-News: AURELIUS Group / Key word(s): Takeover
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.
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 www.aurelius-group.com.
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01.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.