Deal Details

CGE Invests in Aurora

Technology & Services

CGE investment in Aurora

Summary

CGE Partners (“CGE”) announced that it has invested in Aurora Energy Research (“Aurora”). 22C Capital (“22C”) will invest alongside CGE. The terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to CGE Partners on this transaction.

About

CGE launched its €440m European mid-market buyout fund in 2019. CGE targets strongly performing assets in Western and Northern Europe, but with a global reach. CGE seeks high margin businesses with strong growth potential, backing ambitious management teams with a proven track record and a clear vision. CGE invests principally in majority buyouts of established businesses with an enterprise value of up to €200m, with a focus on Business & Technology Services. CGE has a fresh approach to mid-market private equity investment through its expert Operator Panel and flexibility to hold investments for the longer term if necessary.

Aurora, founded in 2013, is a rapidly growing and leading provider of critical data and analytics to the Power and Energy industry. Aurora’s proven thought leadership and analytics solutions help its international clients successfully navigate the world’s transition to a sustainable, low carbon energy system. It is one of the few respected energy pricing analytics providers that delivers sufficiently rigorous and accurate forecasts to be bankable across a number of regions, meaning its work is used to drive commercial lending and investment decisions; national policy formulation; and planning regarding the ongoing energy transition away from fossil fuels. Aurora is headquartered in Oxford, England, with additional offices in Berlin, Germany and Sydney, Australia.

Founded in 2017, 22C Capital is a private investment firm committed to delivering capital and critical resources to companies operating at the intersection of technology enablement and data analytics adoption. 22C has a dedicated focus on the business services, healthcare, and financial services sectors. 22C partners with world-class management teams to build companies that are leaders in their respective markets. 22C’s operational and technology resources, including its affiliated data science organisation, deliver practical, real-world support to help convert businesses’ challenges into opportunities and unlock their full potential.

Technology & Services

CGE investment in Aurora