Sale of majority shareholding in Control Equipment Limited (now CEL Critical Power) to MBI team
Control Equipment Limited (now CEL Critical Power) was founded in 1982 and is a Dublin-headquartered designer and manufacturer of power solutions including low-voltage power distribution systems, switchgear equipment and Remote Power Panels (RPPs). The business was historically focused on pharmaceutical and industrial industries, but has developed a strong market position in the data centre space, driven by cloud and AI adoption.
Pegasus Capital advised the two shareholder-managers of Control Equipment Limited on identifying an appropriate majority investor capable of bringing experience and capital to the situation, as well as facilitating a transition of the management team, and advising on all commercial aspects of executing the transaction.
The MBI facilitated a full realisation and retirement event for one of the two 50% shareholders and retention of an ongoing equity participation for the other 50% shareholder. Since the deal completed, the MBI team has brought expertise in scaling and financial capital to the business, allowing it to establish a greenfield manufacturing facility in North America, bringing the group’s overall production capacity to more than 500,000 sq ft worldwide and creating hundreds of additional jobs.
Year: 2024
Sector: Industrials
Terms: Not disclosed
Further Transactions
