PRESS RELEASE : AURELIUS acquires SSE Contracting

DGAP-News: AURELIUS Group / Key word(s): Takeover 
AURELIUS acquires SSE Contracting 
2021-04-01 / 16:53 
The issuer is solely responsible for the content of this announcement. 
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AURELIUS acquires SSE Contracting 
- AURELIUS acquires SSE Contracting Limited, a leading multi-disciplinary mechanical and electrical contracting 
business, from SSE Plc, in its latest complex carve-out transaction 
- As a standalone business SSE Contracting is one of the UK and Ireland's biggest contracting businesses, providing 
mechanical, electrical, rail, street lighting and high voltage services 
- AURELIUS operational experts and SSE management will work to ensure minimal disruption for all SSE Contracting 
employees, its customers, suppliers and industry partners 
Munich/London, April 1, 2021 - AURELIUS today announces the acquisition of SSE Contracting Limited ("SSEC") from SSE 
Plc in a complex carve-out of the multi-disciplinary Mechanical and Electrical ("M&E") contracting business for an 
enterprise value of GBP27.5 million. As a standalone business SSEC is one of the biggest M&E contractors in the UK and 
Ireland providing mechanical, electrical, rail, street lighting and high voltage engineering services to install and 
maintain key infrastructure. 
Operating from its nationwide network, SSEC has around 1,900 employees and high voltage ("HV") engineers that provide 
essential energy infrastructure for a range of public and private sector clients, including hospitals and schools. It 
is the largest street light contractor in the UK, and maintains over one million streetlights in the UK and Ireland. 
SSEC's Rail division works with vital transport services such as Transport for London and Network Rail to deliver 
mechanical, electrical and civils activity. 
The transaction is executed by AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) and will be funded 
jointly with co-investing AURELIUS entities. The financial terms of the deal are undisclosed. The transaction is 
subject to approval by the competent competition authorities and certain other conditions. The transaction is expected 
to close in the second quarter of 2021. 
SSEC is well-positioned to capitalise on a strong pipeline of new infrastructure projects planned across the UK, and 
in-house operational experts from AURELIUS will work with SSEC management and employees to ensure its smooth transition 
into a standalone business that continues to deliver for customers, suppliers and industry partners with minimal 
disruption to day-to-day operations. 
AURELIUS will enable SSEC to continue and accelerate its already successful transformation from a non-core division to 
a market leading standalone operator. Already boasting a strong orderbook until FY 2025, AURELIUS and SSEC management, 
led by Stuart Chaston (MD), see significant opportunities to capture the expanding market for M&E contracting services, 
forecast to grow by at least GBP2bn by 2023, with its regional presence and alignment to public sector spend. 
Tristan Nagler, UK Managing Director of AURELIUS, said: 
"I am delighted to announce yet another complex corporate-carve out, with AURELIUS having now agreed four deals in the 
past month alone, continuing to build our reputation for excellence in special situations. The acquisition of SSE 
Contracting offers a platform from which to build AURELIUS's position in the M&E market where we see considerable scope 
for future consolidation in the sector. 
As other sellers before, SSE recognised AURELIUS to be the partner of choice to execute the divestment of a promising 
business unit, establishing SSE Contracting as a standalone business so it can fully take advantage of new growth 
opportunities. 
I'd like to thank our investment team and partners on this transaction, and welcome all of SSE Contracting's team. I 
would also like to thank the team at SSE and I know that we are mutually committed to ensuring that SSE and SSEC 
continue to have a productive working relationship into the future. AURELIUS look forward to supporting SSE Contracting 
as it moves into the next stage of growth, capitalising on new opportunities and additional infrastructure spending 
expected in the post COVID-19 recovery." 
Gregor Alexander, SSE's Finance Director, said: 
"Aurelius has a proven record of actively supporting the companies they work with, so this change of ownership should 
provide a good home for the Contracting business. It leaves the SSE group more focused around its renewables and 
networks core, allowing the Contracting business to thrive in a more specialised environment." 
AURELIUS was advised by Deloitte (Corporate Finance), KPMG (Tax), DLA (Legal), XPS (Pensions) and Roland Berger 
(Commercial). 
ABOUT AURELIUS 
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. 
Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset 
manager. 
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within 
AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of 
industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio 
companies in their long-term development. AURELIUS Equity Opportunities currently has 27 portfolio companies located 
across Europe and generate annual revenues of approx. EUR 3.4 billion. The shares of AURELIUS Equity Opportunities are 
traded on all German stock exchanges. 
AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth 
Investments invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate 
Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of 
active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt 
solutions to small and mid-market firms across Europe. 
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their 
way towards a better life. 
To find out more, visit www.aureliusinvest.de. 
ABOUT SSE PLC 
SSE is a leading generator of renewable electricity in the UK and Ireland and one of the largest electricity network 
companies in the UK. It employs 12,000 people across the UK and Ireland and develops, owns and operates low carbon 
infrastructure to support the zero-carbon transition, including onshore and offshore wind, hydro power, electricity 
transmission and distribution grids, efficient gas and energy from waste, alongside providing energy products and 
services for businesses. It is UK-listed contributing on average GBP9bn to the economy and is a real Living Wage and Fair 
Tax Mark accredited company. 
ABOUT SSE CONTRACTING 
SSE Contracting is one of the largest contracting businesses in the UK, offering a broad scope of mechanical, 
electrical and street lighting services, and working out of 50 regional offices. It has around 1,900 staff providing 
essential energy infrastructure for a range of public and private sector clients including: schools, substations, power 
stations and hospitals. SSE Contracting also maintains over one million of the UK and Ireland's street lights making it 
the largest provider of street lighting. Its rail division delivers trackside projects for the likes of Transport for 
London and Network Rail. 
CONTACT 
AURELIUS Group 
Anke Banaschewski 
Investor Relations & Corporate Communications 
Phone: [phone] - 0 
Fax: [phone] - 55 
E-mail: [e-mail] 
Hawthorn Advisors 
Henry Lerwill 
Phone: [phone] 
E-mail: [e-mail] 
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2021-04-01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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1180684 2021-04-01

(END) Dow Jones Newswires

April 01, 2021 10:53 ET (14:53 GMT)