Travers Smith LLP has advised the Apax Global Impact Fund on its agreement to acquire a controlling stake in Integrated Environmental Solutions ("IES"), a world leader in digital twin simulation software to decarbonise the built environment. This marks the first climate-focused investment by the Apax Global Impact Fund, with the company’s focus on decarbonisation aligning closely with Apax Global Impact's thematic focus on reducing environmental harm and resource use.
IES delivers innovative technology solutions and consultancy services to help decarbonise buildings, communities, and cities. Supporting resource-efficient and cost-effective built-environments, IES simulates and analyses data to give those involved in the design, retrofit and operation of buildings the information needed to make smarter, more sustainable decisions.
The Travers Smith team was led by Private Equity & Financial Sponsors Partners George Weavil and Ian Keefe, supported by Senior Associates Stuart Allan and Max Conway, Associates Matthew Hoyle and Varnita Singh, and Trainee Shreeya Ranchhod. Tax advice was provided by Partner Russell Warren and Incentives & Remuneration advice was provided by Partner Mahesh Varia, with support from Senior Associate Claire Prentice and Associate Natalie Paddock.
