FF&P Private Equity acquires FIT

The acquisition was completed through the holding company Efficient Energy Management Group, majority owned by FF&P.

The buyer hopes to capitalise on the increased demand for energy-efficient commercial kitchens by expanding FIT's product range and customer base, and expanding the firm internationally.

FF&P usually invests £3-15m in companies with an enterprise value of £5-50m.

Company
Founded in 2001 and based in Camberley, FIT provides energy savings solutions for commercial kitchens. The firm combines airflow measurement, data logging through remote access and energy monitoring to facilitate the increased efficiency of energy use.

Clients include hotel groups, restaurant chains, supermarkets, department stores, government institutions and commercial organisations. Whitbread, Tesco and Sainsbury's feature in the firm's customer base.

People
Henry Sallitt is co-head of FF&P.

Advisers
Equity - Speechly Bircham (Legal); Grant Thornton (Corporate finance); CIL (Commercial due diligence); Clearwater Corporate Finance (Corporate finance).

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