What we look for
We look for growth-orientated, sustainable businesses
A sector specialist focused on European products and services businesses that support the transition to net zero. We invest as a hands-on partner, bringing operational and energy sub-sector expertise with an international lens to the businesses we back.
Investment criteria
Where we focus
Geography
UK and European headquartered businesses operating in expanding markets
Business type
Established industrial and business services companies, typically founder or family owned
Size
£5m–£25m EBITDA with positive cashflow
Investment
Control investments deploying £25m–£50m equity tickets, with conservative use of debt
The detail
What we look for
- Sector specialist in European products and services businesses that support the transition to net zero.
- Primarily founder or family-owned businesses, where longstanding relationships are key to unlocking a transaction.
- Established industrial and business services companies generating £5m–£25m EBITDA with positive cashflow.
- Control investments deploying £25m–£50m equity tickets, flexible on timing and quantum to help unlock and de-risk.
- Growth driven through organic opportunities and targeted M&A with successful integration, with conservative use of debt.
Energy transition investment themes
Where we invest
Renewable energy production
The solar and wind value chain, where installed capacity is forecast to grow strongly across Europe and North America over the next five years.
Energy efficiency
Homes and commercial buildings, which account for nearly 40% of global energy-related CO₂ emissions and require significant investment to reduce.
Expanding the energy system
Rising energy demand calls for more generating assets, grid expansion and upgrades to integrate and manage renewable power sources.
Maintaining the energy system
Pressure on existing infrastructure grows as energy-intensive sectors such as data centres increase power demands.
Transport decarbonisation
Transport is central to global trade and mobility, yet remains a considerable emitter of CO₂ and a key decarbonisation challenge.
Circular economy
Waste management is becoming more complex, driven by legislation, consolidating operators and a changing waste mix such as batteries.
Our focus
The energy transition
We take a thesis-driven, rolling three-to-five-year view, with one eye on the big-picture 2050 net-zero goal.
We believe incremental gains will compound towards net zero, and we have the specialist knowledge to act on the opportunities this creates.
Partner With Us
Begin the dialogue
If your business supports the energy transition and is entering its next growth phase, we’d welcome the conversation.
Contact us →