Montel Strengthens Nordic Presence with SKM Acquisition

The Riverside Company, a global investment firm specializing in the smaller end of the middle market, announced that its portfolio company, Montel, has signed a definitive agreement to acquire SKM Market Predictor. SKM is a specialist in analysis and advisory services for the Nordic power and renewables markets. Montel, which already provides energy and electricity market information, regards this acquisition as a crucial addition to its service capabilities. SKM's SYSPOWER platform offers detailed forecasting and analytics tools designed for traders, analysts, portfolio managers, and production planners, and includes capabilities for daily power price forecasts, and analytics on gas, coal, CO2, and green markets. This acquisition is the fourth add-on for Montel under the Riverside partnership, which began when Riverside acquired a majority stake in Montel in September 2022. This transaction demonstrates Riverside's strategic approach to driving value through a combination of organic growth and an ambitious buy-and-build programme. Moreover, it positions Montel as a leading player in offering comprehensive energy data, news, and analytics services in the Nordics. Key figures from Riverside and Montel express excitement about the acquisition, predicting enhanced growth, expanded services, and further access to a broader customer base. SKM employees across Trondheim, Oslo, and Helsinki are expected to contribute significantly to the combined company's objectives. Riverside managed this acquisition with the assistance of Alpha Corporate Finance, BAHR, PwC, and Code & Co.