Kroll's Transaction Opinions Practice Rendered a Fairness Opinion to Exponent in Connection with a c.€750mn GP-led Secondary Transaction

In August 2026, Exponent, a European private equity firm, completed a c.€750 million single-asset continuation vehicle transaction involving H&MV Engineering Limited (“H&MV”), pursuant to which the business was transferred from Exponent Private Equity Partners IV, LP (“Fund IV”) to a newly formed continuation vehicle backed by a syndicate of third-party lead investors and Exponent Private Equity Partners V, LP (“Fund V”).

Kroll's Transactions Opinions Practice served as financial advisor to Fund IV and Fund V and provided a fairness opinion in connection with the transaction.

 

About Exponent

Founded in 2004, Exponent is one of the UK and Ireland’s leading private equity firms, investing in companies headquartered across Europe.

 

About H&MV

Founded in 1997, H&MV is a leading global provider of specialist high-voltage electrical engineering services for data centres, battery energy storage systems, utilities and renewables. H&MV designs, builds and energises high-voltage infrastructure that enables data centres, battery energy storage and electricity networks. The company works with leading hyperscale technology companies, co-location providers, utilities and renewable energy developers.