Travers Smith LLP has advised longstanding client August Equity and management shareholders on the sale of the Zenergi Group, a market leading energy and sustainability services provider, to ECI Partners.
Zenergi was founded in 2003 to support organisations across the UK with their energy renewals, legislation and carbon reporting, identifying ways they can reduce their energy use, and leading energy efficiency and renewable projects. The business has seen strong organic growth as institutions are increasingly concerned about their environmental impact.
Mike Biddulph, Partner at August Equity said: “It has been an absolute privilege to partner with Graham Cooke and the management team over the last four years. Zenergi is another great example of us building scale with service driven businesses in secular growth markets and working with exceptional entrepreneurs, to create quality businesses with high strategic value.”
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Genna Marten, assisted by Associates Caleb Jones and Alexandra Dawson. In respect of their reinvestment alongside ECI Partners, Senior Counsel Joanna Roberts, assisted by Associates Shannon Anstee and Nikesh Arya advised management. Tax advice was provided by Tax Partner Russell Warren and Senior Associate Hugh Brooks.
ECI Partners were advised by Addleshaw Goddard.