Sale to private equity
Montel sold Riverside
The Riverside Company, the global private equity investor, has signed a definitive agreement to acquire a majority stake in Montel AS, the European energy market information and technology platform.

Montel, headquartered in Oslo, is a niche market leader with an international footprint, providing energy and electricity market information for energy producers, grid operators, financial institutions, trading firms and industrial end-users. The company’s services are primarily delivered through its proprietary Montel Online platform on a subscription basis, covering energy market news, real-time and historical trading data, and forecasts.

“We are excited to be partnering with Riverside for the next phase of Montel’s growth,” said Montel CEO Tom Nyblin. “The demand for power market information services and analytics is expected to experience strong growth going forward, and joining forces with Riverside puts Montel in a strong position to benefit from these trends.”

Alpha Corporate Finance has acted as financial advisor for Montel and its shareholders in the transaction.

The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 850 investments. The firm's international private equity and structured capital portfolios include more than 140 companies. Riverside Europe is an integral part of the firm’s broad global network and has invested in Europe since 1989.

Closing of the transaction is subject to customary regulatory approvals.

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