short-right-arrow logoMobile media-pie 1 7 % share download email linkedin round-download

Privacy Preference Centre

Your Privacy

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. We use two types of cookies on our website: cookies which are necessary for this website to function and analytics cookies. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

Cookies used

  • CookieNotice
  • CookieAnalytics


Analytics Cookies

These are Google Analytics cookies which allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site and social media platforms All information these cookies collect is aggregated and therefore anonymous. This cookie is defaulted to ‘Active’, which means we will be able to track, on any anonymous basis, how many visitors we have to our site, and monitor its performance. If you wish to turn them off you can do so by unticking ‘Active’ and clicking ‘Save and Accept Cookies’. For more information on how these cookies work, including a link through to the Google Privacy Policy which sets out further information about data which Google may collect in the course of providing us with Analytics.

Cookies used

  • _ga

Targeting Cookies

We use necessary cookies to make our site work. We also use analytics cookies which collect information about how visitors use our website and help us to improve it; these are defaulted to ‘Active’, if you wish to turn them off you can do so through the Cookie Settings. Please be aware that by blocking some types of cookies it may impact your experience of the site and the services we are able to offer. For more information about any of these cookies and our use of them, or to change your settings at any time, please see Cookie Settings and our Cookies Policy.

Bridgepoint in the News

31 July 2014

The Energy Solutions Group sold to SSE plc for up to £72 million

Energy Solutions Group (‘ESG’), the UK national operator in the long term support and implementation of Building Energy Management Systems (“BEMS”) and related B2B energy management services, has been sold by Bridgepoint Development Capital (‘BDC’) to SSE plc in a transaction totalling £66 million with the potential for a further £6 million if agreed targets are achieved.

ESG combines technical energy management skills, such as remote energy monitoring, metering, energy analytics and bespoke software solutions, with its heritage as one of the largest players in the long-term support and implementation of intelligent Building Energy Management Systems ('BEMS') in the UK. A 'BEMS' is a computer-based system that controls and monitors a building's mechanical and electrical equipment to enable occupants to work in a comfortable environment whilst significantly reducing energy usage and associated costs.

BDC identified the B2B energy management sector as benefitting from a combination of growing legislative drivers (compelling businesses to reduce their energy consumption and carbon footprint), rising energy prices and the widespread adoption of corporate and social responsibility initiatives. Since BDC's acquisition in December 2010 at an Enterprise Value of £36 million, ESG has grown to become the largest privately owned player in the BEMS market, with revenues in the past year in excess of £50 million.

Under BDC's ownership, ESG has invested significantly in broadening its energy management offering and expanding its core BEMS capabilities. In particular, two strategically important bolt-on acquisitions were completed: Marsh Systems, in September 2011 and Evolve Energy, in November 2012, alongside a number of important organic growth initiatives.

Derek Lloyd, CEO of ESG, said "With BDC's backing we have developed to become a leading player in the market for corporate energy management and BEMS solutions. As a market leading business, we look forward to the additional access and profile that SSE will bring."

Robin Lawson, director at Bridgepoint Development Capital, said: "ESG is a scarce business that has attained scale in the rapidly evolving and consolidating market for B2B energy management services. It is well positioned to take an increasing share of this growing market as it continues to expand its energy management activities under the ownership of SSE."

Advisers involved in this transaction included: for ESG - Dow Schofield Watts LLP and E&Y (corporate finance), Travers Smith & Laytons (legal); for management - Gateley (legal).

Close

Contact us

If you are interested in working for Bridgepoint, please complete the form below.

Close

Investor reports registration

To access investor reports through the web based reporting facility, please fill in the form to register for an account.

The information submitted on this form will be used for the sole purpose of registering you as an account user and will not be shared with third parties.

Close

Request a copy of The Point

Mandatory fields are marked as (required*)