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Climate Change Capital invests GBP7.5m into Climate Energy

Climate Change Capital Private Equity has invested a further GBP7.5m into its majority owned portfolio company Climate Energy, an energy efficiency services firm.

The proceeds have enabled Climate Energy to enter into an agreement to acquire Creative Environmental Networks for an undisclosed sum.

Climate Energy has also appointed Mark Davies, former chief executive of Connaught, as non-executive chairman.

Creative Environmental Networks is an organisation delivering a range of services to engage householders, businesses and communities in environmental and social improvement.

The acquisition has strengthened the group, making it the largest Energy Savings Trust advice partner in the UK, offering a broad range of services in helping members of the public to reduce energy bills and cut carbon emissions.

Andrew Holmes, Climate Energy’s managing director, says: “The combination of CEN and Climate Energy positions the group to deliver our customers the widest range of advice and services available from a single provider in this market place. The purchase is a natural step in growing our business platform across the UK.”

Alex Betts (pictured), partner of Climate Change Capital, adds: “The appointment of Mark Davies as non-executive chairman at Climate Energy will support the business in managing its rapid growth sustainably. Mark’s experience with Connaught will be valuable to Climate Energy as the focus of the UK energy efficiency market moves to whole-house measures and larger social schemes such as the Community Energy Saving Programme.”

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