The North West fund invests in Imperative Energy
The North West fund, managed by CT Investment Partners, has taken a majority stake in bioenergy supplier Imperative Energy.
The investment is drawn from The North West Fund for Energy and Environmental (NWF4EE). The Environmental Infrastructure Development Company (EIDC) invested alongside the North West Fund. The new capital will be used for further expansion of the business.
Company
Imperative Energy is a Sandbach-backed bioenergy company, supplying heat, steam and power. The firm is active in the industrial, commercial and public sectors across the UK and Ireland.
The company expects to invest more than £200m in extending its infrastructure and to increase its workforce by up to 20 staff over the coming years.
People
Adam Workman, partner at CT Investment Partners and fund manager of NWF4EE, led the deal on behalf of The North West Fund. Joe O'Carroll is managing director at Imperative Energy.
Ed Simpson, investment director at CT Investment Partners, and Peter Bachmann, partner at EIDC, will join the board of Imperative Energy.
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