August Equity has realised its investment in Zenergi through a sale to ECI Partners. The investment represents an exit for August Equity generating a return of 5.3x.
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.
August Equity’s original investment and exit was led by Mike Biddulph and Richard Muckle. We initially invested in Zenergi in 2017 with the investment growing both organically and through M&A with five acquisitions completed since 2018.
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.”