Opus, in collaboration with Mergers Alliance partner OXEYE HJW, successfully advised WAI Global on its acquisition of Pos Service Holland (PSH) from Nordian Capital Partners. Headquartered in the Netherlands, PSH is a leading provider of high-quality rotating electrical solutions, serving the automotive, truck, agricultural, shipping, and industrial sectors across Europe.

This transaction builds on Opus’s strong relationship with WAI Global, following our advice on the acquisition of a UK business in 2012. By leveraging our deep sector expertise and close partnership with OXEYE HJW, we delivered a seamless and successful outcome, further strengthening WAI Global’s growth strategy and market leadership in Europe.

For further information, please contact: Nigel McNelly and Tom Rahman.

Opus is pleased to have advised the shareholders of Pinnacle Group on its sale to Hyde Group, a prominent housing association in the UK focused on providing affordable homes in London and the South East.

Pinnacle is a national provider of housing and community-facing neighbourhood services for mixed tenure housing and community infrastructure, generating approximately £200m in revenue for FY24. With over 30 years of experience, it is a trusted public sector partner, delivering integrated solutions to both new and existing neighbourhoods for central and local government as well as institutional investors.

The acquisition supports Hyde’s strategy to become a leading national housing and property services provider while maintaining its charitable purpose. The enlarged group will manage around 120,000 homes and serve approximately 350,000 households, partnering with schools, councils, and emergency services.

This landmark deal marks a significant development in the UK housing sector and further highlights the strength of Opus’ Built Environment practice, underscoring our long-term relationship with Pinnacle, particularly following our advice on the sale of Pinnacle Power to DIF, a carve-out of its district heating business.

For further information, please contact: Nigel McNelly, Dilesh Patel, and Ethan Hughes.

Opus is delighted to have advised the shareholders of Wattics on its sale to EnergyCAP, a portfolio company of Resurgens Technology Partners.

Wattics is an energy management analytics and monitoring platform that allows energy and sustainability professionals to manage, monitor, and analyse energy, commodities, and related data from a single dashboard. Wattics uses advanced software algorithms to analyse raw energy measurements and uncover anomalous energy usage in appliances, equipment or entire buildings, enabling real-time notifications and alerts to unusual behaviour and consumption trends. Wattics’ customers have consistently achieved savings greater than 20% in commercial/industrial buildings. The company is headquartered in Dublin.

EnergyCAP, headquartered in Pennsylvania, is a leading provider of Energy and Sustainability enterprise resource planning (ERP) software, empowering customers with full control and understanding of their energy and sustainability data to reduce their carbon footprint and drive savings.

This transaction extends Opus’ track record in energy software, in particular relating to energy efficiency in the built environment, following the sale of DEXMA in 2020.

Opus Corporate Finance LLP is delighted to have advised the shareholders of Rendall & Rittner on its sale to SBC, a portfolio company of Fidelio Capital.

Rendall & Rittner is the largest independently owned residential property management company in the UK with an exceptional portfolio of over 80,000 units under management including some of the most prestigious and high-quality buildings across London and the United Kingdom. Key services and strategies within the firm include their innovative approach to management and customer service, dedication to corporate social responsibility, and investment in their staff to offer a focused and high quality service to their clients and lessees.

SBC is Sweden’s leading independent property manager targeting housing cooperatives which offers financial and technical management as well as legal services. The combination of SBC with Rendall & Rittner unlocks a wealth of knowledge, experience, and technology across the residential property management sector between the businesses enabling enhanced service provision to their clients and creating a multinational leading business in this growing space.

This is an important cross border transaction for Opus’s Built Environment team resulting from our broad base of relationships and insight within the industry, building upon other transactions including the recent sale of serviced office provider Busworks and the sale of building energy efficiency software provider DEXMA Sensors. The team continue to see rapid growth across the sector, particularly sub segments with significant investment across PRS, new technologies throughout Proptech, and increased levels and quality of service provision across the Real Asset spectrum.

We look forward to working with clients old and new in the coming months and to adding to our recent successes in the sector in 2022.

For further information please do not hesitate to contact: Nigel McNelly, Keegan Harris or Daniel Barley. We would be delighted to hear from you.