Myriad CEG Group
Catalyst acted on behalf of the shareholders of Myriad CEG Group on the disposal of the business of Myriad Solar PV to EvoEnergy, one of the UK’s largest independent solar installers.
Myriad Solar PV had been operating in the commercial solar PV market since 2006 with a strong track record and over 2,500 kWp installed. They had an established presence in the south of England and strong relationships across the construction supply chain, including preferred supplier arrangements with major UK groups. They provided full services covering initial design, project management of installation, commissioning and aftercare of the product. The Myriad shareholders took the decision to dispose of this part of the business to focus on the group’s biomass business.
What difference did we make?
Catalyst identified a number of potential trade buyers who would have a high level of strategic fit with Myriad Solar PV. We recognised that EvoEnergy presented the best strategic fit and engaged with them early in the process and agreed key terms quickly. We managed a detailed due diligence process, which required extensive project by project analysis and reached completion within two months of an initial meeting.