CBPE completes investment in Anesco

CBPE Capital (“CBPE”) is pleased to announce it has acquired the shareholdings of Scottish Equity Partners (“SEP”) and Hermes in national energy efficiency solutions company Anesco. Terms of the transaction have not been disclosed.
Anesco works with local authorities, businesses, housing associations and homeowners across the UK to reduce their carbon emissions, providing a complete turnkey service from audits through to recommendations, installations and capital funding plans.The company was named the UK’s fastest growing private business in 2013 by Sunday Times Fast Track and is recognised as one of the top 100 cleantech firms in the world.
The deal comes on the back of impressive results for Anesco, with the Reading-based company beating ambitious targets to achieve turnover of £107million and an EBIT of £10.8million in the last financial year. The senior team was also named BVCA venture capital backed management team of the year in 2013 and again in 2014 – an unprecedented achievement in the history of the awards.
As a market leading business with a proven management team and demonstrable long term growth fundamentals, Anesco fits with CBPE’s core investment criteria. CBPE is backing Adrian Pike, Tim Payne and the rest of the existing Anesco management team to continue to grow the business and deliver energy efficient solutions to new customers across the UK.
Adrian Pike, CEO of Anesco, commented: “We have enjoyed our relationship with SEP and Hermes and are delighted to now have the support of CBPE as we enter the next stage in our development. With our unique solutions-led business model, global approach to innovation and holistic view of energy efficiency, we continue to lead the way, challenging and driving the sector forward with every step.”
CBPE’s investment in Anesco was led by Ian Moore with support from Tom Biddle and Rob McCombie.
Ian Moore, Partner at CBPE, said: “We have known the Anesco team for some time and we are delighted to be making this investment. Adrian, Tim and the team have built a fantastic business and have an unrivalled knowledge of the sector, as well as a genuine passion for delivering energy efficient solutions to their customers. We are very excited to be working with them to facilitate Anesco’s growth plans over the coming years.”
David Sneddon, Partner at SEP, said: “Since our first investment in 2011, Anesco has consistently delivered strong growth and we wish it continued success in the future”.


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