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Private equity groups Scottish Equity Partners (SEP) and Hermes have acquired the Zouk shareholding in energy efficiency company Anesco.
Zouk Capital, the private equity and infrastructure fund manager specialising in the clean economy, was a founding shareholder in Anesco in 2010, the transaction was led by SEP, which did not uncover the size of the shareholding.
The Reading-based company achieved turnover of £55.1 million and a profit of £3.4 million before tax in May and in July it signed a £7 million finance agreement with RBS to fund its solar farm projects.
Adrian Pike, chief executive of Anesco, said: “We have enjoyed our relationship with Zouk for the past two and a half years. We are delighted to have the support of SEP and Hermes to further our growth and diversification in the energy efficiency market.”
Anesco deals with a large range of energy efficiency products and services which address opportunities in the Green Deal, ECO, ESCO and RHI markets.
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.”
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