Summary
A multimillion-pound deal has been announced to support the management buyout of Bristol-based energy efficiency specialist Best.Energy. The deal, which is backed by a £6.25m funding package from OakNorth, will enable Best.Energy to expand its operations and increase its impact in the energy efficiency sector.
Summary of transaction details:
- Value: £6.25m
- Sector: Industrials & Energy
- Advisor: None
- Key Entities: Best.Energy, Future Business Partnership, OakNorth
- Location: Bristol, UK
Note: The deal is expected to support the growth of Best.Energy, which provides energy efficiency solutions to multi-site organisations. The company's proprietary IoT hardware, cloud software, and AI-enabled services help reduce energy consumption.
Lead Investor / Acquirer
Future Business Partnership
Advising Broker
Undisclosed Firm
Related Deals in Industrials & Energy
Established prioritisedOriginal Source
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