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8 December, 2021 - 22:14 By Tony Quested

PEM Corporate Finance advises on private equity exit at eSight

eSight Energy Group Ltd, based in Swavesey – a global enterprise energy management software specialist – has been sold to UK company MRI Software Ltd for an undisclosed sum.

eSight was supported by PEM Corporate Finance on its original sale to BID Equity GmbH in 2018. This time around PEM acted for BID Equity, providing due diligence services and tax advice.

Over the last three years, BID Equity has invested significantly in eSight’s modular product and modern cloud architecture and has also optimised its marketing and sales processes. 

In addition, the firm placed significant emphasis on the further professionalisation of its core processes. The investment has enabled eSight to win new enterprise clients and to successfully implement large projects. BID Equity is a Private Equity firm investing in software businesses across Europe.

The acquirer, MRI Software is a leading provider of software for real estate management globally. MRI will help eSight accelerate its international growth, open new customer segments and become part of a very powerful technology platform for the real estate sector. 

eSight CEO, Janie Jefferies-Freer, said: “eSight has developed extremely well in recent years and is now a leading platform for sophisticated energy management. 

“BID Equity played a key role in our development, and we are delighted to win MRI Software as a strategic investor to accelerate our growth even further.”

Lake Falconer, partner at PEMCF, who advised Simon Durrant on the sale of eSight to BID Equity in 2018, offered his reflections on the news: “Having worked with Simon on the original sale, it’s nice to see PEM advising on the next transaction as eSight Energy Group goes from strength to strength.” 

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