Macquarie Lending provides debt and equity capital to Energetics
London, 05 Sep 2013
Macquarie Lending, part of Macquarie’s Corporate and Asset Finance Group, has committed to providing substantial capital to support the expansion of Energetics, a Scotland-based designer, builder and owner of multi-utility connections and networks.
The investment consists of senior secured debt and a minority equity position, demonstrating Macquarie Lending’s ability to provide flexible and tailored financing solutions across the capital structure. The funds will be used to repay existing debt, finance investment in future network assets and facilitate the exit of several shareholders from the business.
Hamish Jones, Managing Director, Macquarie Lending said: “We are delighted to support Energetics as it embarks on a new phase of growth. This is our 15th transaction in Europe in the last 12 months and is testament to our ability to provide holistic financing solutions to clients.”
Bill McClymont, Chief Executive Officer, Energetics said: “Having built a significant project pipeline over the years, this transaction lays the foundations to deliver future growth.
Macquarie Lending have been supportive of our plans from day one and we are excited to be partnering with them.” Macquarie Lending provides finance throughout the capital structure to companies across a wide range of industries. Since 2009, Macquarie Lending has made over $US20 billion of new primary and secondary lending commitments globally, with more than £2 billion currently committed in Europe.
Founded in 2006, Energetics is an independent multi-utility connections provider employing more than 200 people. Energetics’ construction subsidiary is fully accredited to design and build electricity, gas, water and street lighting networks at residential and commercial property sites. The company’s asset-holding subsidiaries are fully licensed to own and operate gas and electricity networks.
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Macquarie Group (Macquarie) is a leading provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 13,600 people in 28 countries.
Part of the Group’s Corporate and Asset Finance business, Macquarie Lending is the principal finance and investing arm of Macquarie Bank focused on corporate and commercial real estate clients. As a leading primary lender and acquirer of secondary loans across Europe, North America and Australasia, Macquarie Lending has provided more than $US20 billion of new lending commitments to over 400 clients globally since 2009 including $US6 billion in Europe.
Recognising that every client is different, Macquarie Lending's expertise goes beyond traditional financing to adapt solutions to meet individual client needs. With offices in New York, Chicago, London and Sydney, Macquarie Lending has more than 75 experienced lending and investing professionals globally.
Energetics is an independent multi-utility connections provider, founded in 2006 and employing about 200 people. The company has offices in: Hamilton, near Glasgow; Warrington, Cheshire; and Coleshill, Warwickshire. Energetics is fully accredited to design and build electricity, gas, water and street lighting networks at residential and commercial property sites. The company is also fully licensed by the regulator to own and operate the gas and electricity networks it installs, a status enjoyed by few competitors. Energetics project-manages the design-and-build process, from planning to connection, its service including managing all third party interfaces and legal approvals, as well as liaising with landowners over access rights, where necessary.