Houlihan Lokey Advises Correla

Houlihan Lokey is pleased to announce that Correla Limited (Correla), a portfolio company of NorthEdge Capital LLP (NorthEdge), has been acquired by Esyasoft Technologies UK Limited (Esyasoft).

Correla is a leading U.K.-based energy technology and data services business focused on creating a less complex and more sustainable energy market. NorthEdge invested in Correla in 2021, backing the founding team led by CEO Sian Jones, to execute on a vertically focused growth strategy across the broader U.K. energy sector. Under NorthEdge’s ownership, Correla has transformed into a high-growth energy SaaS and services company through organic product innovation, early adoption of AI technologies, and the strategic acquisition of CloudKB in 2022. The transaction marks the first realisation from NorthEdge Fund III, generating a 4.7x gross MOIC.

Esyasoft is a global energy transition technology group delivering integrated solutions across smart utilities, software, analytics and AI, Energy-as-a-Service, e-mobility, and battery energy storage. Esyasoft has an established and growing U.K. presence, having acquired utilities consultancy Engage Consulting in 2024 and renewable energy supplier Good Energy in 2025. The acquisition supports Esyasoft’s continued investment strategy in the U.K. and globally to lead energy sector decarbonisation services and software by 2035.

NorthEdge is a private equity firm headquartered in the North, owned and built by its senior team, supported by a global blue-chip investor base.

Houlihan Lokey acted as the exclusive financial advisor to Correla.

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