Target company details

Target name: 
Country of Target: 
United Kingdom

Buyer details

Buyer name / MBO / MBI details: 
Matrix Private Equity Partners
Country of Buyer: 
United Kingdom

How we helped

How we helped: 
Lead advisers to the shareholders

Regional advisers, Cooper Parry Corporate Finance, advised the shareholders of Monsal Ltd in a multi million pound investment from Matrix Private Equity Partners. Monsal, based in Mansfield Nottinghamshire, is a specialist environmental technology company providing advanced solutions for the water and waste sectors. 

Monsal is the UK’s market leader in the provision of sophisticated Anaerobic Digestion (AD) technology to the water utilities market. AD is a well established industrial process for the treatment of biosolids that facilitates the breakdown of organic material by bacteria and which generates biogas as a by product. Biogas can be burned to produce ‘green’ electricity and attract subsidies such as Renewable Obligation Certificates (ROCs).

The transaction was led by the Managing Director Aidan Cumiskey who has been one of the main driving forces in the business.  He joined as Business Development Director in 1999 and was appointed MD in 2005.  Aidan is a chartered chemical engineer and previously worked at Earthtech and Anglian Water.

Aidan Cumiskey said ‘Matrix is a responsive and valuable investor with the significant expertise in renewable energy infrastructure funding and property needed to support us in expanding into the emerging market for ‘renewable energy from waste’ plants.  We look forward to working with Matrix and driving the business forward to become a major player in the UK waste sector.’

Matrix Private Equity, the private equity arm of Matrix Group, has significant expertise with renewable energy companies and related structured finance.  Matrix Group was the founder and co-owner of Trinergy, one of the world’s fastest growing privately-owned renewable energy companies which owns and operates over €1.8 billion of wind energy projects across Europe which was sold in August 2007. 

Advising the shareholders on the transaction, Cooper Parry Corporate Finance said ‘We were delighted to be involved in what is an important deal for both Matrix and Monsal. The transaction undoubtedly opens up significant opportunities for the future growth of the business which clearly has tremendous potential.’

Midlands firm Berryman advised the management team, led by Roger Harcourt, who commented: ‘The investment by Matrix is a great endorsement of a talented young management team and provides an excellent platform for Monsal to pursue its exciting expansion strategy.’

National Westminster Bank plc provided the working capital facility, advised by Phil Baigent from Freeth Cartwright LLP.  Harvey Ingram’s Corporate Partner Rick Smyth provided legal advice to Matrix and the new company.