Engagement — Add-on Due Diligence
Code & Co. delivers Tech and Product Due Diligence to both The Riverside Company and Montel Group in preparation of its acquisition of SKM Market Predictor (SKM), a provider of analysis and advisory services for the Nordic power and renewables markets.
The Riverside Company (Riverside), a global investment firm, has announced that Montel, a portfolio company of its affiliated European fund, has signed a definitive agreement to acquire the assets of SKM Market Predictor (SKM), a provider of analysis and advisory services for the Nordic power and renewables markets. The investment is the latest add-on for Montel, a Norwegian provider of energy and electricity news, data and analytics.
Scope of work
Code & Co. conducted a comprehensive review of SKM’s platform, covering its architecture, infrastructure, technology stack, and scalability. Additionally, Code & Co. assessed its integration capabilities, strategic roadmap, as well as its onboarding and support operations.
Further, Code & Co. delved into the core elements of SKM, focusing on its engineering team and the software development methodologies it employs. This included analyzing the software development life cycle, quality assurance measures, and management of technical debt.
About SKM Market Predictor
SKM Market Predictor is an independent and professional provider of energy market analysis and advisory services, providing the cutting-edge solution, SYSPOWER and belonging advisory services. SYSPOWER platform covers the full spectrum of power data and analysis, from intraday to long-term forecasts extending 40 years into the future Through a range of products and services, SKM Market Predictor delivers data and information which enables customers to optimise their decision making around energy trading, production planning, portfolio management, and system operation.
About Montel
Montel is a leading provider of energy market information and services, delivering real-time news, data, analytics and consultancy to clients across the global energy sector. With a history of delivering market transparency for more than 30 years, Montel empowers its clients with the knowledge and tools necessary to make informed decisions in the energy market.
About Riverside
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 1,000 investments. The firm's international private equity and structured capital portfolios include more than 130 companies. Riverside Europe is an integral part of the firm’s broad global network and has invested in Europe since 1989. Riverside believes a truly global presence provides exceptional insight into local conditions, culture and business practices, making team members better investors and business partners.