Transaction

Clearwater advises Beech Tree on raising debt facilities to support its investment in Sustainable Energy First

Transaction

Beech Tree on raising debt facilities to support its investment in Sustainable Energy First

Acquisition finance

Undisclosed

Role

Adviser to Beech Tree on raising debt facilities to support its investment in Sustainable Energy First

Sector

Business Services

Region

United Kingdom

We have advised Beech Tree Private Equity (Beech Tree) on raising debt facilities to support its investment in Sustainable Energy First, a leading sustainable energy and utilities specialist serving the UK’s most prominent organisations. This investment will support Sustainable Energy First’s objective to decarbonise the UK’s business community by 327,000 tonnes of CO2e by 2028.

Founded by Russ Priestley and Chris Jones in 1997, Sustainable Energy First addresses the cost and complexity associated with the energy needs of medium to enterprise-size companies. Its customers represent a broad spectrum of the UK economy. The business’s purpose has always been centred around its people, creating a work environment that engenders high levels of engagement to deliver quality customer service and continuous improvement which has been at the heart of its success.

Sustainable Energy First is focused on reducing the carbon footprint of its clients, which accounts for 3.5% of the UK business power consumption. In effect, it has aligned its sustainability ambitions with those of its clients and prospects. Eradicating 327,000 tonnes of CO2e by 2028 is the goal, and this is the equivalent of taking 73,000 cars off the road.

The partnership with Beech Tree will bring significant investment that will power future service development, building on recent market-leading services such as the Sustainable Energy Consortium, which makes truly renewable energy accessible to more businesses, and Corporate Power Purchase Agreements (CPPAs), typically suitable for larger enterprises.

Our Debt Advisory team raised debt facilities from Investec, which will support Beech Tree’s investment and provide committed funding for their acquisition strategy.

sustainability panels

We are delighted to partner with the Sustainable Energy First team whose core mission is to reduce the carbon footprint for its customers. We are excited to support the team in continuing to deliver market-leading organic growth and supplement it with strategic acquisitions and further investment in data and technology to accelerate the momentum of the business.

Andy Marsh, Managing Partner, Beech Tree
sustainability panels

The co-investment with Beech Tree and the management team will increase our service capabilities, marking a new highly progressive chapter for Sustainable Energy First and our clients.

Russ Priestley, Founder, Sustainable Energy First

I am delighted to have been a part of the Sustainable Energy First journey over the last seven years and hugely excited about what the future holds. Continuing to work with Russ alongside Beech Tree creates a unique opportunity for our colleagues and clients.

Michael Abbott, CEO, Sustainable Energy First

It has been a pleasure working with Beech Tree to secure funding to support this investment. Sustainable Energy First is an exciting, fast-growing business and this investment will drive further growth and support its objective of decarbonising the UK’s business community. I am looking forward to seeing a long and successful partnership between both businesses.

Joe Dyke, Partner, Clearwater

Advisers

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