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25/01/2018

Inprova Group announces its latest acquisition following multimillion pound deal

25/01/2018

Inprova Group announces its latest acquisition following multimillion pound deal

Procurement consultancy Inprova Group has acquired Energy & Carbon Management Ltd following a £5million investment from Frontier Development Capital.

Cheshire/Warrington-headquartered procurement consultancy Inprova Group has completed the latest in a series of acquisitions with the purchase of Horsham-based Energy & Carbon Management Ltd. The buying of the business follows the injection of a £5million finance package into Inprova Group, provided by national investor Frontier Development Capital (FDC), enabling it to pursue further growth plans in the energy consultancy market. 

Working across the private, public and third sectors, Inprova Group provides its clients with specialist supply chain advice to help them to connect with quality and reputable providers, as well as increase efficiency and bring down operational costs. This addition of Energy & Carbon Management Ltd to its assets forms the next stage in its continued expansion in the energy sector, after the business acquired three other energy firms in recent years. 

The company, which already employs 140-staff across its divisions across the UK, is now set to roll out further energy consultancy services to its existing and potential customer base, with the likes of Hotel du Vin, Virgin Atlantic and Carlsberg UK already using its services to better optimise their own supply chain. 

Voted TELCA 2017 consultancy of the year, Energy & Carbon Management Ltd boasts an award-winning background with 20 years’ experience across the utilities sector. 

Mohammed Ramzan, Chief Financial Officer at Inprova Group, said: 
“After successfully acquiring a number of other energy firms over the past three years, the funding supplied by Frontier Development Capital has not only proved crucial in the success of this deal, but will allow us to continue growing our presence in the sector.

Energy & Carbon Management Ltd has a long history of delivering innovative management services across energy, carbon and water – making it perfectly placed to help establish Inprova Energy’s reputation as the leading advisor in the UK.”

FDC delivers growth capital funding packages of up to £5m on a nationwide basis, based mainly on debt, to match the needs of SMEs in the regions. FDC is keen to support ambitious management teams, and can invest in any sector, for any business funding requirement.

Ondrej Okeke, Investment Director at Frontier Development Capital, said:  
“We are delighted to be backing this high quality national business, which is very well-placed for continued growth with the acquisition of Energy & Carbon Management Ltd. We have been very impressed by the experienced and committed management team and Board, and we believe we are well-positioned as a national debt fund to continue to build relationships with ambitious teams like this and deliver fit-for-purpose funding solutions across the regions with our flexible approach”

Squire Patton Boggs in Manchester provided legal advice to FDC.