WHEB and Hermes GPE invest £13m in WEMS

The investment gives WHEB and Hermes a majority stake in the company, as well as providing additional growth capital.

WHEB contacted WEMS directly through its proprietary deal search activity.

The investor said WEMS still has considerable growth potential in the UK and the firm will also look to internationalise to take advantage of opportunities in Europe and North America.

Company
WEMS provides wireless energy management solutions, aimed at improving the energy efficiency of commercial premises without incurring the high upfront costs of retro-fitting.

The company's technology enables firms to achieve energy savings of 15-30% by controlling heating, ventilation, air-conditioning, lighting and security systems across multiple premises. By using wireless technology, customers are able to avoid the high costs associated with wired energy management solutions, which can take many years to pay off.

WEMS also offers outsourced contract energy management services. Clients include BT, Boots, HMV and Waterstones.

The Stockport-based company was founded in 1990 and has a turnover of £12m.

People
Managing partner James McNaught-Davis worked on the deal for WHEB alongside principal Megan Bingham Walker.

Advisers
Equity – SJ Berwin (Legal); CIL (Commercial due diligence); BDO (Financial due diligence); Coller IP (IP due diligence); Continuum (HR due diligence).
Company – Rickitt Mitchell (Corporate finance); Pannone (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Buyouts
• Support services
• United Kingdom
• WHEB Partners