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Riverside acquires energy market data provider

The Riverside Company, a global private equity investor focused on the smaller end of the middle market, has acquired EnAppSys, a data and analytics provider to the European energy market. The investment is an add-on to Riverside’s Montel AS platform, a Norwegian provider of energy and electricity market information. 

Founded in 2003 in Middlesbrough, UK, EnAppSys currently serves B2B clients across the energy market, including traders, suppliers, generators, infrastructure businesses and the public sector. The company has a customer base across 12 countries in Europe, plus the USA and UAE,. 

Montel, headquartered in Oslo, provides energy and electricity market information for energy producers, grid operators, financial institutions, trading firms and industrial end-users. The company has one of the strongest suites of full-service energy information services in the market, enjoying high market shares in its key geographies.

Riverside and Montel were advised by Addleshaw Goddard, BAHR, Houthoff, BDO, Bain & Company, Code & Co and PwC while EnAppSys and its shareholders were advised by EY Corporate Finance, Womble Bond Dickinson, Selmer, Azets and CIL. 

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