The Eight Advisory UK Team provided financial and tax vendor due diligence in relation to the sale of Segen to City Electrical Factors

15 September 2021

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Segen, founded in 2005, is a leading global distributor of residential and commercial rooftop solar photovoltaic systems, including energy storage and electric vehicle charging equipment. Segen sells products to installers through its proprietary online portal and is a market leader in the United Kingdom and South Africa with significant and expanding operations in Europe.

City Electrical Factors (CEF) was the founding business of Labora, a family-owned global group that has grown its footprint for 70 years across the UK, United States, Canada, Ireland, Spain and Australia. CEF is the UK’s second-largest electrical wholesaler and has the largest electrical distribution network with 400 stores across the country. CEF employs more than 3,500 people and is on track to generate upwards of £800 million in revenue this year.

The transaction is subject to competition/regulatory clearance and is expected to close in October 2021.

The Eight Advisory financial team comprised of Rupert Templeman and William Doyle.

The Eight Advisory tax team comprised of Dean Lake, Caley Mogg, Charlotte Marr and Michael Hackley.