Riverside acquires data and analytics provider EnAppSys

• The deal will accelerate global expansion while also bolstering Montel’s analytical product offering and skills, the firm said
• Riverside acquired a majority stake in Montel in September
• Riverside is a global private equity firm headquartered in New York

The Riverside Company has acquired EnAppSys, a data and analytics provider, as an add-on for its Montel AS platform.

Based in Middlesbrough in the UK, EnAppSys serves B2B clients across the energy market. The firm has a blue-chip customer base across 12 countries in Europe, the US and the UAE.

The company intends to accelerate global expansion while also bolstering Montel’s analytical product offering and skills, as well as bringing significant sales synergies and deep knowledge of intraday traded markets, according to a release.

“EnAppSys is extremely strong in Great Britain and Ireland, where Montel has limited operations, and provides a strong base in Benelux,” said Riverside Europe’s managing partner Karsten Langer. “Similarly, Montel is strong in the Nordics and DACH region, and has a fast-growing presence in France, Iberia and CEE, which will allow the combined group to serve pan-European markets with a more complete product offering.”

In September, Riverside acquired a majority stake in Montel. Headquartered in Oslo, Montel is a Norwegian provider of energy and electricity market information.

Riverside’s vice president Dan Parksjö, senior director Jeroen Lenssen, associate Nils Mjörnemark, analyst Sophia Sigalov and senior legal counsel Peter Parmentier worked along with Langer on the transaction. The deal was sourced by Ali Al Alaf, principal, origination.

The Riverside Company, headquartered in New York, is a global private equity firm focused on investing in growing businesses valued at up to $400 million.

Addleshaw Goddard, BAHR, Houthoff, BDO, Bain & Company, Code & Co and PwC served as advisors for Riverside and Montel.