M/22/009 – Watt Bidco/Edison Voltage
Transaction details
The proposed acquisition by Watt Bidco Limited, a wholly owned indirect subsidiary of Exponent Private Equity IV LP, of the entire issued share capital of the group of companies held by Edison Voltage Limited, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday February 15, 2022 | Friday, March 4, 2022 |
| Parties Involved | Business activities |
|---|---|
| Watt Bidco Limited | Watt Bidco Limited is an indirect 100% subsidiary of Exponent Private Equity IV LP which is itself an investment fund managed by Exponent Private Equity LLP. Exponent is a limited liability partnership incorporated in England and Wales that makes private equity investments in businesses located in the United Kingdom, Ireland and across Europe. Exponent’s investments involve a range of different industry sectors, including healthcare, food, transportation, advertising, and financial sectors |
| Edison Voltage Limited | The group of companies held by Edison Voltage Limited are specialised in in High Voltage transmission and distribution systems primarily in Ireland and the UK with some activities in other jurisdictions such as Netherlands, Germany, Spain, India, Italy and Norway. The group provides turnkey services for design, installation, commissioning and maintenance (including asset management) of High Voltage transmission and distribution networks across three primary sectors: (i) data centres, (ii) renewables, and (iii) utilities. |
| Economic sector | Media merger |
|---|---|
| Profession Services (Engineering) | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, February 28, 2022 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Harry Costello | harrycostello@ccpc.ie |
| Eilis McDonnell | eilismcdonnell@ccpc.ie |
Media enquiries: communications@ccpc.ie
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