GLOBALES: Sun Capital appoints Morgan Stanley to sell smart meter firm Aclara - sources
 Inicio > Internacionales | Publicado el Viernes, 19 de Mayo del 2017
GLOBALES: Sun Capital appoints Morgan Stanley to sell smart meter firm Aclara - sources

GLOBALES: Sun Capital appoints Morgan Stanley to sell smart meter firm Aclara - sources

Reuters / LONDON/FRANKFURT May 19 U.S. private equity firm Sun Capital Partners has appointed Morgan Stanley to sell Aclara Technologies, a provider of smart meters to almost 800 utility customers, sources familiar with the matter said.

The sale is expected to draw interest from several industry players including U.S. conglomerate Honeywell, one of the sources said, adding the process will likely kick off after the summer.

Sun Capital, Morgan Stanley and Honeywell declined to comment. Aclara was not immediately available for comment.

A Moody's report in 2016 estimated Aclara's revenue to come in at around $500 million.

The company took on a $345 million seven-year term loan in 2016, and Moody's estimated its leverage ratio to be above 4.5 times debt to earnings before interest, tax, depreciation and amortization (EBITDA) after signing this loan.

The business, which has been backed by Sun Capital since 2014 and has offices in Spain and Britain, could be valued at under $1 billion, one of the sources said.

Its private equity owner has made a series of add-on acquisitions in recent years including the purchase of GE Energy Management's grid solutions division and Tollgrade Communications' smart grid business.

Smart meter companies have been undergoing a sustained phase of consolidation, partly due to cuts in government funding and growing capital needs to upgrade technology that passes information directly from the utilities to customers' mobile phones.

CVC is currently selling German metering and energy management group Ista while Australian infrastructure investor Macquarie is looking to auction off its German metering group Techem in a deal potentially worth up to 4 billion euros.

Japan's Toshiba is also selling its Swiss-based smart meter group Landis+Gyr. (Additional reporting by Greg Roumeliotis in New York and Dasha Afanasieva in London; editing by Elaine Hardcastle)

GLOBALES: Sun Capital appoints Morgan Stanley to sell smart meter firm Aclara - sources

Con Información de Reuters

http://entornointeligente.com/articulo/9999436/'/articulo/9999436/GLOBALES-Sun-Capital-appoints-Morgan-Stanley-to-sell-smart-meter-firm-Aclara--sources'

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Instagram Mi Refugio online Twitter Mi Refugio Online Facebook Mi Refugio Online Pagina Web Mi Refugio Online Pagina Web Mi Refugio Online Detener Mi Refugio Online

Smart Reputation te ayuda a mejorar tu reputación en línea
http://www.smart-reputation.com





Destacadas

Victor Gill Ramirez En Venezuela se toca Despacito con el cuatro
Tomas Gonzalez ICBF busca "Súper Amigos" para 20 niños, niñas y adolescentes
Tomas Elias Gonzalez Atlético Tucumán y Vélez se conformaron con el empate
Gonzalo Morales Se inició etapa de diseños de escenarios para Juegos Nacionales
Francisco Velasquez La Verdad consigue dos galardones del Premio Regional de Periodismo

ING / El juego Gigantic es un free to play del género shooter que ha pasado por una larga etapa de beta abierta, de la cual ya os dejamos algunas impresiones...


El Carabobeno / Los misiles fueron disparados desde el Mediterráneo por las fragatas “Admiral Essen” y Admiral Grigorovich” y el submarino “Krasnodar”, que efectuó el lanzamiento en posición de inmersión, precisó...


El Carabobeno / Más de 400 migrantes que intentaban llegar al sur de España por mar fueron rescatados en los últimos dos días, anunció el servicio de salvamento marítimo. Los guardacostas...


Últimas Noticias / ÚN.- Los organismos bomberiles de la Siderúrgica del Orinoco Alfredo Maneiro (Sidor), con apoyo de colegas y equipos de las empresas básicas productoras de hierro, acero y aluminio...

ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS MEDIOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA EST� ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM