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Magnesium Capital buys majority stake in UK energy data, smart metering firm TMA

PUBT·09/03/2026 11:19:24
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Magnesium Capital buys majority stake in UK energy data, smart metering firm TMA
  • Funds advised by Magnesium Capital agreed to buy a majority stake in UK energy data and smart metering provider TMA.
  • TMA provides metering and settlement data services across more than 8,500,000 electricity meter points in Great Britain.
  • Deal positions TMA for growth tied to Great Britain’s shift to Market-wide Half-Hourly Settlement.
  • Founder Tim Meyer will stay on as a non-executive director; managing director Rob Kitchen and management will remain, investing alongside Magnesium.
  • Debt financing was provided by Metro Bank; transaction terms were not disclosed.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnesium Capital LLP published the original content used to generate this news brief on September 03, 2026, and is solely responsible for the information contained therein.