Subscriber Login

Deal Watch

UK’s Babcock International sells OHL business [free access]

January 13, 2022

British engineering firm, Babcock International Group PLC, has sold its overhead line (OHL) power business to infrastructure service provider, M Group Services (MGS), which is backed by international private equity firm PAI Partners. Arrowpoint Advisory LLP, the mid-market team of multinational investment bank as well as financial services company, Rothschild & Co., advised Babcock on the GBP50 million transaction.

 

Babcock’s power business is a leading operator in the UK’s electric transmission and distribution OHL industry, providing renewal and maintenance services to clients including National Grid, Scottish Power Energy Networks and Western Power Distribution. The power business will now form part of the MGS’ Morrison Energy Services division.

 

(GBP1=USD1.372)