 The name Essent was developed by Globrands Naming & Strategy.In 2000, Essent acquired a 51% stake in German utility Stadtwerke Bremen AG which at the same year made an offer for a 49.9% stake in another German utility Stadtwerke Bielefeld.In 2007, Essent divested its cable division Kabelcom to the investment companies Cinven and Warburg Pincus.