Current Holding

·

Acquired 2021

IMServ

A leading UK metering, energy data intelligence and technology platform.

STATUS

Current holding

Sub-sector

スマートエネルギーサービス

HQ

United Kingdom

Fund

ファンドII

Overview

IMServ’s resilient, non-discretionary metering services help enable its high-margin, recurring data intelligence business.

Metering services include the installation, replacement and maintenance of industrial & commercial electricity meters, with the business having a portfolio of 1.25M+ meters in the UK. Data services include end-to-end data management; the collection, validation and combination of critical energy data supporting energy compliance and helping organisations improve their energy efficiency.

Approx. Revenue

£75m

Employees

~600

Countries

United Kingdom

Bolt-on acquisitions

4

Why we invested

01

Provider of mission-critical metering services and energy data infrastructure.

02

Highly recurring revenues supported by long-term contracted data and maintenance services.

03

Structural regulatory tailwinds from the UK’s market-wide half-hourly settlement (MHHS) transformation.

04

Attractive financial profile with an asset-light operating model and strong cash generation.

Buy-and-build

Acquisitions completed under Bluewater ownership, building Authentix into an integrated global authentication and supply-chain integrity platform.

2023

Power Data Associates

2025

AstralTech

2026

SP Dataserve

2026

Arbnco