Sale of leading energy management specialist

PEM acted as lead adviser to Simon Durrant on the sale of the company to BID Equity, a German private equity firm.

PEM were appointed by eSight Energy Group, a leading developer and supplier of energy management software, to sell the company. We ran a comprehensive marketing process which attracted strong interest, and particularly from overseas buyers. Our team was hands on throughout, project managing the sale process so the client could continue to focus on the business and other commitments.

For more than 20 years, eSight has created sophisticated solutions for tracking and improving customers’ energy consumption. It offers a market leading Software as a Service (SaaS) product which allows users to lower their energy consumption, whilst reducing costs and carbon emissions by up to 30%. eSight’s market spans facilities management, public sector, property, manufacturing, healthcare, retail, and education, resulting in a truly blue chip client base across 60 countries worldwide. The company is headquartered in Cambridge.

With only two weeks to completion, the preferred trade buyer withdrew from the process. As PEM was managing the sale process, we were able to quickly reopen negotiations with the second choice buyer despite their terms being very different to the initial deal.

BID Equity acquired 100% of the shares from Simon Durrant.