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/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

En Apostilla Express ofrecemos servicios de notaria, apostillado, traducciones certificadas, redacción de documentos (Poderes, Documentos de Compra-Venta, Declaraciones Juradas, Fe de Vida, etc.)
http://www.apostillaexpress.net





Destacadas

Victor Gill Ramirez VENEZUELA: Cosas que no sabías de Caracas

Actualidad y Gente / MADRID.- Al menos 48 personas heridas dejó este viernes un accidente ocurrido cuando un tren regional colisionó con el tope de la vía al llegar a la...


Los Tiempos / Oshkosh es sinónimo de optimismo, comodidad, confianza. Una moda que se caracteriza por ser casual, moderna, pero clásica. Los niños que visten OSHKOSH son  curiosos, de libre de...


Diario Financiero / La Comisión Chilena del Cobre (Cochilco) elevó ayer su estimación sobre el precio promedio del metal rojo a US$ 2,64 la libra para este año, desde una previsión...


La Nacion Web / Los interesados deben acceder al link: Proceso nacional de preinscripción trayecto inicial 2017II, crear un usuario y llenar la planilla de solicitud. Para formalizar el proceso, se...

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