Exponent Private Equity Acquires Majority Stake in H&MV Engineering

LGT Capital Partners and Hamilton Lane Take Minority Stakes in Exponent-backed H&MV Engineering

September 9, 2024

Energy

LGT Capital Partners and funds managed by Hamilton Lane have made minority investments in Exponent-backed H&MV Engineering, valuing the Irish high-voltage engineering specialist at €750 million. The growth-capital deal will support H&MV’s international expansion, capability development and continued growth across data centre, renewables and utilities end markets.

H&MV Engineering Acquires Skanstec

February 4, 2024

Engineering Services

H&MV Engineering, backed by private equity firm Exponent, has acquired Skanstec Group, a European specialist in energy and telecommunications engineering. The deal combines complementary capabilities in mission-critical power and connectivity infrastructure, expands H&MV's European footprint and capabilities, and sees Skanstec shareholders and management reinvesting in the enlarged group.

H&MV Engineering Acquires Cooke Power Services

January 9, 2026

Engineering Services

H&MV Engineering, a PE-backed high-voltage electrical engineering and construction firm, has acquired Cooke Power Services of Amarillo, Texas to accelerate its U.S. expansion. The acquisition strengthens H&MV’s local delivery in the Midwest and Southwest for data centre, renewables (BESS) and utility projects while retaining Cooke’s local leadership and workforce.

Exponent Invests in Ethos Engineering

March 20, 2024

Engineering Services

Exponent, a European private equity firm, has reached an agreement to invest in Ethos Engineering, a Dublin-based provider of sustainable mechanical and electrical engineering design services for data centres across EMEA. The investment will back the incumbent management team to accelerate Ethos' growth, expand its services and technology capabilities, and support international expansion.

Exponent Invests in Hippo Digital

March 4, 2025

IT Services

Exponent, a European private equity firm, has agreed to invest in Hippo Digital, a Leeds-based digital transformation and user-centric design consultancy serving the UK public sector. The investment will support Hippo's scaling plans and bolster its engineering, data and AI capabilities; Paul Nannetti will join as Chair and the deal is expected to complete by early April subject to customary approvals.

EQT Private Equity to Invest in HVD Group (Hantverksdata) and Next (Next One Technology)

December 20, 2023

Software

EQT Private Equity (EQT X) has agreed to invest in Swedish software companies HVD Group (Hantverksdata) and Next (Next One Technology) to create a strengthened Northern European platform serving tradespeople and the construction industry. The investment brings together complementary cloud-based field service, ERP and construction project management products to expand capabilities and accelerate growth across the Nordics and Germany; closing was expected in February 2024.