Deal Maker of the Year Awards 2013 WINNER - ANESCO LIMITED
DEAL: Zouk Capital sells Anesco to Scottish Equity Partners & Hermes GPE
COMPANY: Anesco Limited ADDRESS: The Green, Easter Park, Benyon Road Reading, Berkshire, RG7 2PQ 0845 894 4444
TEL: EMAIL:
info@anesco.co.uk WEBSITE:
www.anesco.co.uk Firm Profile
Anesco is the UK’s leading energy efficiency solutions company and works with homeowners, local authorities, businesses looking emissions.
term relationships where repeat business and strong customer service is critical.
housing associations and to reduce their carbon
The company provides organisations with a comprehensive energy service, from audits through to recommendations, installations and capital funding plans. Its specialist team has managed some of the country’s largest and most complex energy efficiency projects and has helped over 40,000 people facing fuel poverty.
Anesco is firmly established as a leader in its field, thanks to innovations such as its ESCO model, which helps organisations to install energy efficiency measures without the need for upfront capital, and its pioneering renewable asset monitoring and maintenance service, AnescoMeter. It acts as a global player in terms of innovation, scouring the globe for new and emerging technologies and methods of best practice to bring back to its UK customer base.
The long term growth opportunities for Anesco are clear and a key focus remains securing new business contracts, with the team building long
DEAL OVERVIEW
Scottish Equity Partners (SEP) and Hermes have acquired Zouk Capital’s shareholding in Anesco.
Zouk, a private equity and infrastructure fund manager specialising in the clean economy, was a founding shareholder in Anesco and made a significant contribution to the growth of the company. As part of
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this transaction, Zouk has now exited its total stock holding. In addition, the two founding directors of Anesco also sold a small amount of equity.
The transaction was overseen by Adrian Pike, Chief Executive Officer of Anesco. He commented: “As this transaction involved one of the existing shareholders
The company takes a holistic approach to energy efficiency that looks at all aspects of energy usage before recommending the blend of energy efficiency measures that could be implemented to bring the greatest benefit. It understands how to best develop and deploy energy efficiency technologies and innovations in what the UK delivers today, and importantly, what it needs to deliver tomorrow.
Anesco has been named one of the UK’s fastest growing private companies in the prestigious Sunday Times Virgin Fast Track 100 league table and has been recognised as one of the top 100 cleantech companies in the world. The senior team was also recently named BVCA Management Team of the Year and as a company, Anesco is one of only a handful of organisations in the UK to have been awarded the prestigious Investors in People Gold standard, without first having worked through bronze and silver standards.
The firm was one of the first to be approved as a provider under the Government’s Green Deal scheme and continues to experience sustained grow, creating jobs at every level and within the communities in which it operates.
buying out the majority of the other investor’s stock, it was a relatively simply process. Hermes was also known to all parties, which aided its smooth completion.
“We enjoyed our relationship with Zouk and we’re delighted to have the support of SEP and Hermes as we continue to grow and diversify in the energy efficiency market.
“We always planned that within three years we would move to having a majority shareholder, to enable us to move and react to market conditions.
Anesco forms part of the portfolio of the Environmental Energies Fund (EEF), managed by SEP, and the share purchase has increased SEP’s stake in the company. Following the transaction, David Sneddon of SEP has also joined the Anesco board as a non-executive director.
David Sneddon, Partner at SEP said: “Anesco is an award winning and visionary technology led company with its sights set on significant growth. We are delighted to increase SEP’s support for the Anesco team as they drive the company to achieve its long term goals.”
In conclusion, Adrian added: “Our plans now are to continue to beat our five year business plans. We are diversifying in all areas of energy efficiency and renewable energy and are not afraid to drive the industry forward in new areas.
“I think the sector is going to continue to be interesting and fun to work within. I also see Anesco continuing to go from strength to strength and gaining an even greater share of the market.”
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