Riverside’s Montel adds two energy market data providers to its kit

Energy Brainpool is an analytics and consultancy provider to the European power market.

  • Qwatt is a subscription-based benchmarking tool used to estimate market value of PPA
  • Riverside acquired a majority stake in Montel in September 2022
  • Montel is a Norwegian energy and electricity market information provider

The Riverside Company’s portfolio company Montel has acquired Energy Brainpool, an analytics and consultancy provider to the European power market, and Qwatt, a subscription-based benchmarking tool used to estimate the market value of PPAs.

Energy Brainpool is based in Berlin, Germany.

“The addition of Energy Brainpool and Qwatt will allow Montel to strengthen its analytical product range, expand the offering of Energy Brainpool to new geographies and use each company’s datasets and competencies to further enhance the value proposition,” said Karsten Langer, Riverside Europe’s managing partner.

Riverside acquired a majority stake in Montel in September 2022. Montel completed its first add-on of EnAppSys in January 2023.

Riverside’s Dan Parksjö, principal, Jeroen Lenssen, senior director, Nils Mjörnemark, associate, and Peter Parmentier, senior legal counsel, worked with Langer on the transaction.

New York-based Riverside is a global private equity firm that invests in businesses valued at up to $400 million. 1989. Riverside believes a truly global presence provides exceptional insight into local conditions, culture and business practices, making team members better investors and business partners.

Montel is a Norwegian energy and electricity market information provider based in Oslo.

Riverside and Montel were advised by Alpha Corporate Finance, LARK, BAHR, Crowe and Code & Co.