Bestport Private Equity invested in fast growing LED consultancy business Energy Saving Lighting (“ESL”) in September 2021.
ESL is a fast-growing LED consultancy that designs, supplies, and installs LED solutions for the healthcare, local authority, education, and commercial sectors. ESL has grown over 50% in each of the last two years on the back of positive market trends as the government and commercial markets become more focused on the environment and reducing carbon emissions.
Bestport and ThinCats provided debt and equity funding of £19m to help support continued growth of ESL. David Hall, previously CEO of Polypipe and non-executive Chairman of Aspen Pumps, has joined the board as Chairman.