Sovereign Capital has acquired Hudson Engineering Services Ltd. Hudson, a provider of gas, fabric and electrical maintenance services to homes owned by local authorities and the Ministry of Defence, will be merged with two other portfolio companies in Sovereign's portfolio. Sovereign first invested in the social housing sector in December 2006 acquiring Seaflame and Cameron’s, two providers of maintenance services to the social housing sector.
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
Existing investors Novo Holdings, Morningside Ventures and Brace Pharma Capital also participate