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MAS Acts as Advisor to Brinvest B.V. (Amsterdam, The Netherlands) in the Sale of Excelergy North America LLC and the Sale of Excelergy B.V to Nexant, Inc. (San Francisco, California)
Spring Lake, NJ, Tuesday, January 6, 2009- Market Advisory Services, Inc. (MAS, see www.masfit.com), a strategic advisory and research boutique in commodities, energy, and financial information technology today announced the success and completion of its transaction process to introduce, represent, and negotiate the sale of Excelergy North America and Excelergy B.V. on behalf of the owner, Brinvest B.V. to Nexant, Inc. of San Francisco.
MAS was selected by the Brinvest B.V. executive management as the sole transaction advisor to develop the exit strategy and find a strategic buyer of the Excelergy business. The roles included preparing analysis of the business, sales presentations regards the opportunities and assisting Brinvest and Excelergy executive management in interaction with prospective buyers. Multiple prospective buyers were involved in the process and multiple bids were made for the property.
MAS approached Nexant and presented the opportunity to the senior executive.
“Nexant, as a strategic advisory energy firm with multiple technology solutions, understood immediately the value of Excelergy solutions and how they could add value combined with their core offerings," said Paul Mahady, President of MAS and who led the assignment. Additionally, he said “This was a difficult year for transactions to get done but the buyer and seller worked through the difficult macro environment. Brinvest worked with us to insure a transaction was achieved which would be beneficial for the business, the clients and the staff.”
Brinvest B.V. CEO, Hans Brus stated, “We supported the Excelergy business in re-establishing itself and expanding especially into Europe. We are pleased that this business will become part of Nexant and strategic additive value to their business servicing energy companies and utilities. MAS was critical to the success of this transaction along with my Brinvest executives in managing and completing this transaction process.”
The Excelergy business was acquired by Brinvest B.V. in 2005 in an asset purchase from Excelergy Corp, then backed by multiple private equity firms. Brinvest B.V. in their backing of Excelergy North America enabled it to expand into Europe with the creation of Excelergy B.V.
Legal advisors included Kaufmann, Feiner, Yamin, Gildin, Robbins LLP representing Brinvest and Excelergy and Wilson Sonsini Goodrich & Rosati representing Nexant. Financial advisors included Deloitte regards Dutch entity for Brinvest and KPMG for Nexant.
About Market Advisory Services (MAS)
MAS is an international advisory boutique with experience in over 50+ countries, 60+ transactions, and 120+ clients. MAS provides a unique, highly personalized service with expert staff on assignments. MAS restricts all staff from investments related to any client or any research area and does not undertake any client funded research for promotional purposes. For more information, visit MAS website at www.masfinance.com
About Brinvest
Brinvest BV is a private investment firm that invests in young companies in the energy, telecom or catering sectors. The geographic focus is on the Netherlands, Spain, Belgium, Norway, Poland, Italy, France, UK and the US. The firm is based in Schijndel, the Netherlands. Visit Brinvest at www.brinvest.nl
About Nexant
Nexant develops and delivers intelligent grid software, clean energy solutions, and engineering and consulting services to the global energy and petrochemical industries. It is a pioneer in developing and advancing technology solutions for the electric power grid and alternative energy. The company is owned by a select group of investors and its management and employees. It is headquartered in San Francisco, California, with 20 corporate, representative, and project offices located throughout the United States, Europe, the Middle East, Africa, and Asia. Nexant® is a proprietary trademark of Nexant, Inc.
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