Kaye Scholer Advises Bregal, Motion Equity in Morrison Utility Services Sale

Kaye Scholer advised Bregal Capital and Motion Equity Partners on the sale of their portfolio company Morrison Utility Services to First Reserve, a private equity and infrastructure investment firm exclusively focused on energy and utilities for an undisclosed sum.

MUS is one of the UK’s leading providers of infrastructure services to utilities, operating in the electricity, gas, water and telecommunication sectors. Operating under long-term contracts, and with nearly 4,000 direct employees, MUS ensures that utilities’ infrastructure assets are continuously maintained, enhanced, expanded and renewed.

Bregal Capital and Motion Equity Partners acquired MUS in March 2008 and, investing alongside company management, established the business as a utility market leader in all its key sectors and successfully grew revenues to over £600 million.

“We wish the team every success as they continue to grow their company,” Edmund Lazarus, Managing Partner of Bregal Capital, and Patrick Eisenchteter, Managing Partner of Motion Equity Partners, said when the transaction was announced. Lazarus also added, “We benefitted from Kaye Scholer’s wise counsel, strategic guidance and commercial judgement, enabling us to act quickly and decisively to anticipate and overcome potential challenges on this transaction.”

The Kaye Scholer team for this transaction included London-based Corporate and Private Equity partner Andrew Harris, Frankfurt-based Antitrust partner Sebastian Jungermann, Corporate associates Andrew Ross, Tanyel Serpemen and Sonalini de Zoysa Gunasekera and trainee solicitor Monica Kam.