Recent Deal

Climate Change Capital - Private Equity acquires Climate Energy

Climate Change Capital Private Equity, a €200 million fund dedicated to clean technology, has supported the management in the buyout of energy efficiency services company Climate Energy for an undisclosed sum.

Climate Energy advises homeowners in the public and private sector on how to make buildings more energy efficient and on how to finance these initiatives. It also runs an advice centre to the general public. The Essex-based company has been sold by its founder Richard Britton.

Alex Betts, a partner in CPE, said “We are delighted to support the management buy-out of this forward looking company and we are sure we can help Climate Energy grow as it continues its efforts to support long term UK targets for energy efficiency to housing stock. We also see opportunities for growth into complementary business areas.”

Andrew Holmes, former general manager of Climate Energy, has been appointed as the new management director.

Marriott Harrison acted as legal adviser to the management with a team led by Hugh Gardner and Jonathan Leigh-Hunt. Mr Gardner said “This deal is an example of the increasing importance of energy efficiency to the economy, and with the backing of Climate Change the management team have a great opportunity to exploit this developing market.”

SJ Berwin acted as legal adviser to Climate Change throughout the transaction.