Clearwater International UK has advised private equity firm LDC on its investment in leading software supplier to UK energy providers, ENSEK Limited (ENSEK).
ENSEK uses its market-leading, software-as-a-service (SaaS) platform to provide existing energy suppliers with its revenue assurance and gross margin accounting product. It also provides new market entrants with the end-to-end software solution required to enter and operate in the UK energy sector.
With the investment from LDC, ENSEK plans to further invest in product and new proposition development. With energy suppliers responding to the growing demand for data, the business will continue to enhance its analytics offering as an opportunity for growth.
Clearwater International Directors Rob Burden and Emma Rodgers and Associates Zack Goddard and Kirsten Handley advised LDC on the transaction.
“The energy sector is facing a period of unprecedented change, driven largely by the number of smaller suppliers entering the market. We want to build on our work of providing market-leading software services to energy suppliers, large and small, across the UK and continue to help them use data to become more efficient and competitive within the growing market.
“Partnering with LDC will give us both the financial firepower and strategic expertise required to take the business to the next level, and we’re looking forward to working closely with the team as we grow the business together.”
Jon Slade, CEO ENSEK
“Jon and the team have an ambitious growth plan, which has driven the business forward at a fast pace. Their in-depth knowledge of the sector, strong technical capabilities and commitment to deliver exceptional customer service is continuing to bear fruit, with more than 15 new customers secured in the last year alone, and the business has firmly established itself as a key player in the market.”
John Green, Investment Director, LDC
“The quality of ENSEK’s solutions and services is demonstrated by its impressive customer base. A significant proportion of the new entrants to the energy supply market place ENSEK’s solutions at the core of their business, underpinning all day-to-day operating and reporting activity. The investment by LDC will enable the business to further develop its leading solution to increase functionality and enable deeper penetration into its clients’ activities.”
Rob Burden, Director, Clearwater International