Macquarie Capital Principal Finance invests in Matrix Networks Group
London, 17 Feb 2020
Macquarie Capital Principal Finance (Macquarie) has today announced its investment in Matrix Networks Group (Matrix) - a leading provider of specialist utility infrastructure in the UK.
Macquarie will partner with Matrix Networks Group’s management team to provide growth capital and expertise to expand its operations providing gas, electricity and water installations, as well as connection asset ownership, for some of the UK’s largest industrial and commercial real estate developments.
The firm is headquartered in Warrington, England, employing around 70 members of staff across the country - with regional offices in Northampton and Slough. Over the past 14 years, the business has grown to be a leading specialist in the utility infrastructure industry.
Rob Sparkes, Managing Director at Matrix Networks Group commented: “The investment in our business by Macquarie is extremely good news for our customers and staff. It will enable us to accelerate our growth plans, expand our specialist asset adoption programme and capture more of the opportunities we see opening up in the utility infrastructure industry.”
Andrew Gray, a Managing Director at Macquarie Capital Principal Finance said: “The flexible capital we are providing through our investment, will ensure that the business can achieve its ambitions for the next phase of growth in the UK connections market. The investment leverages our experience in the sector, and we look forward to supporting the Matrix management team.”
Hamish Jones, a Senior Managing Director at Macquarie Capital Principal Finance added: “This transaction represents an attractive opportunity to provide strategic financial support to Matrix which will be used to increase its’ delivery of specialist connections across the country. We look forward to supporting management to realise the potential of the business in the coming years.”
The transaction follows other successful UK utility investments by Macquarie, building on its track record of providing growth capital and flexible financing solutions. Between 2013 and 2018, Macquarie Principal Finance was invested in Glasgow based Energetics, one of the UK’s largest independent network owners. Under Macquarie’s five-year ownership the business increased its workforce by 75 per cent, expanded into new geographic regions and the number of installed connections increased threefold.
Macquarie is the largest infrastructure investor in the world and has had an active presence in the UK for over 30 years having arranged and invested more than £40 billion in Britain’s infrastructure projects since 2005.
The terms of the transaction remain undisclosed.
Macquarie Group Corporate Communications
+44 20 3037 4014
About Macquarie Group
Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 15,704 people in 31 markets. At 30 September 2019, Macquarie had assets under management of £309.2 billion. For further information, visit www.macquarie.com.
About Macquarie Capital Principal Finance
Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. Macquarie Principal Finance, the principal investment business, provides flexible primary financing and secondary market investing solutions for corporate and commercial real estate clients across North America, Europe and Australasia. Since 2009 Macquarie’s Principal Finance team has provided financing and investment capital on a flexible and bespoke basis for over 500 companies, deploying over £22 billion globally.
Recognising that every client is different, Macquarie Principal Finance expertise goes beyond traditional financing to adapt solutions to meet individual client needs. For further information visit www.macquarie.com/us/corporate/financing/principal-finance.
About Matrix Networks Group
Matrix Networks (ICP) designs and builds industrial and commercial utility infrastructure, and UK Power Distribution (IDNO) adopt, own, and operate electricity assets throughout Great Britain. The Company was founded in 2006 with the vision of providing an independent solution for infrastructure installations. With its brand message ‘Bringing Your Development to Life’, Matrix Networks Group prides itself on working closely with its clients to deliver this through every aspect of its business. For further information, visit www.matrixnetworks.co.uk.