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CBPE completes investment in Anesco

cbpe_logo webCBPE 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”.

Anesco sponsors Woolhampton CFC

Woolhampton CFC team WEBWoolhampton Cricket and Football Club (WCFC) has kicked off the new football season in style after receiving the backing of local energy efficiency solutions company Anesco.

The division four team, which plays in Reading Sunday League, stepped out for their first home game in a fresh new kit, thanks to a donation from the club’s new sponsor.

“Woolhampton cricket and football club are very proud and grateful to Anesco for their generous support. At WCFC our core value of respect for officials, opponents and fellow members guides the clubs ethos. Anesco, with its similar outlook on life, has proven to be the perfect partner for us. We hope to enjoy many fruitful years of good, honest, and fun football in the future with Anesco by our side.” said Tom Goodhew, co-founder of WCFC.

Anesco, which is based at Easter Park, near Silchester, works with local authorities, businesses, housing associations and homeowners to reduce their carbon emissions. As well as supporting local community groups, the company’s Charitable Trust works with primary and secondary schools in the area to help educate the next generation on the energy efficiency industry.

A number of initiatives have been implemented, including a work experience programme, school talks and site visits. Together with charity Groundwork, the Trust is also supporting young adults through a programme that encourages the development of entrepreneurial skills.

Adrian Pike, Anesco CEO, said: “As a local employer and a people-driven company, at Anesco we are strongly committed to supporting the local communities in which we operate. Through our Charitable Trust we are proud to be supporting local initiatives and community groups, as well as actively working with schools and colleges to drive training and employment opportunities in the area.”