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Apax Global Alpha Ltd - Guernsey-based private equity trust investing on the technology, services, healthcare and internet-consumer sectors - Says it will invest around €5.1 million in Integrated Environmental Solutions Ltd, a Glasgow-based software and consultancy group helping companies to optimise their buildings’ energy use. On Tuesday the Apax Global Impact Fund, of which Apax Global Alpha is a limited partner, agreed to acquire a controlling stake in IES.
Apax said the investment will allow IES to ‘scale to meet the increasing demand for sustainability-focused software solutions from building designers, owners, and tenants’. This is Apax’s second major investment this month, having invested around €21.5 million in consumer trend forecaster WGSN Ltd in early February.
Current stock price: 158.20 pence per share, up 2.3% in London on Wednesday morning.
12-month change: down 14%
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