ABEC Pioneers Energy Transition with Sale to Magnesium Capital
Deal News | Jun 16, 2025 | TLT
UK law firm TLT has successfully advised ABEC, a leading independent specialist in Building Automation from Europe, on its sale to the private equity firm Magnesium Capital. Established in 2004, ABEC operates from Tewkesbury, Gloucestershire, offering solutions like Building and Energy Management Systems, SUPERVISED Control and Data Acquisition systems among others, primarily to large data centre developers. The acquisition by Magnesium Capital, backed by DunPort Capital Management, is expected to support ABEC's development, aligning with Magnesium's focus on tech-led energy transition investments. TLT's involvement spanned preparation, advising on sale documents, and providing expertise from multiple legal sectors. The transaction has been seen as a milestone for ABEC, with acknowledgments coming from both ABEC CEO, Matthew Morrall, and Andrew Webber, TLT's Partner and Head of Corporate.
Sectors
- Building Automation
- Private Equity
- Legal Services
Geography
- United Kingdom – ABEC is based in Tewkesbury, Gloucestershire and TLT is a UK law firm advising on the sale.
- Europe – ABEC is identified as one of Europe's leading independent Building Automation specialists.
Industry
- Building Automation – ABEC specializes in Building Automation, providing BEMS and EPMS solutions to data centre developers.
- Private Equity – Magnesium Capital, a private equity firm, has been involved in acquiring ABEC to drive its technological growth.
- Legal Services – TLT provided legal advisory services to ABEC shareholders for the sale.
Financials
- Undisclosed – The financial terms of the sale of ABEC to Magnesium Capital were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ABEC | Target | Company | A leading independent Building Automation specialist based in Tewkesbury, Gloucestershire. |
| Magnesium Capital | Bidding Company | Company | A private equity firm focused on investments in technology and energy transition businesses. |
| TLT | Legal Advisor | Company | A UK law firm that advised ABEC shareholders on their sale to Magnesium Capital. |
| DunPort Capital Management | Financing Partner | Company | Provided support for Magnesium Capital's acquisition of ABEC. |
| Andrew Webber | Lead Advisor | Person | Partner and Head of Corporate at TLT, led the project advising ABEC shareholders. |
| Leanne Fryer | Advisor | Person | A member of TLT's Corporate Team involved in the project. |
| Matthew Morrall | Chief Executive Officer | Person | CEO of ABEC, commented on the sale and TLT's contribution. |