Eversheds Sutherland advises Warburg Pincus on investment in leading UK infrastructure services provider Network Plus

Eversheds Sutherland has advised Warburg Pincus on its agreement to acquire Network Plus, one of the UK's leading utility and infrastructure service providers, from OMERS Private Equity and shareholders.

A private partnership since 1966, Warburg Pincus has more than $100 billion in assets under management and more than 215 companies in its active portfolio, diversified across stages, sectors, and geographies. The firm has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies, and has been investing in Europe for over 40 years.

Network Plus delivers essential maintenance, enhancement and operational services across the water, wastewater, gas, power and broader infrastructure sectors.

The acquisition will support Network Plus' continued growth and delivery as a trusted partner to the UK's leading utility providers, helping clients meet increasingly critical investment and performance goals. Warburg Pincus will support the business as it continues to deliver and maintain the UK's core infrastructure and strengthen its role in maintaining and improving critical infrastructure across the country.

The cross-practice Eversheds Sutherland team advising Warburg Pincus was led by partner Lizzy Tindall and Head of Private Capital James Trevis. The wider team included Partner Rachel Cooper, Principal Associate Ruary Smith and Associate Dave Grant.

Lizzy Tindall, Partner, Eversheds Sutherland, commented:

"We are delighted to have supported Warburg Pincus on its investment in Network Plus. The transaction reflects the continued attractiveness of the UK's infrastructure and utility services sector, and demonstrates our ability to support leading private equity sponsors on complex, strategic investments. We look forward to seeing Network Plus continue its growth journey under Warburg Pincus' ownership."

The transaction remains subject to regulatory approval.