Deal Completions

BEST Energy Saving Technology Group (BEST) secures investment deal

Shares in BEST Energy Saving Technology Group (BEST), an innovative designer of energy saving products, have been acquired by private investor John Carver and private equity firm Percipient Capital, in a transaction managed by international M&A advisor BCMS.

BEST designs and supplies a full suite of energy saving products and software systems, which help organisations reduce energy costs by between 20 and 40%. Current customers include banks, fast-food chains, car manufacturers and facilities management firms. Product design is carried out in-house.

The investors were interested in taking on a new project showing potential for rapid growth, in a sector with significant opportunities due to the introduction of new government regulations and reforms.

BCMS contacted over 230 potential acquirers and negotiated 11 meetings, with many trade companies stating their interest in becoming BEST customers due to the innovation of the products produced.

In addition to securing an acquirer for a retiring shareholder’s shares, BCMS successfully worked with the management team to also secure a significant inward investment into the business to accelerate the development of the business and rollout of the products globally. John Carver and Percipient Capital took on a significant minority holding in the business and intend to work with the remaining founding shareholders to grow the company in the UK and Europe.

oktober 2015
Shares in BEST Energy Saving Technology Group (BEST) have been acquired by private investor John Carver and private equity firm Percipient Capital