ThinCats supports Energy Saving Lighting
Leading alternative finance provider to mid-sized SMEs, ThinCats and investment professionals, Bestport Private Equity, have provided debt and equity funding of £19m to help support the continued growth of Energy Saving Lighting (ESL).
David Hall, previously CEO of Polypipe and non-executive chairman of Aspen Pumps, will join the board as chairman.
Paul Daly, founder and CEO of ESL, says: “We are delighted to partner with Bestport and recognise that they will bring expertise and funding to help deliver the next phase of growth for the business. It is an exciting time to be delivering energy efficient solutions to both the public and private sectors.”
James Stoddart, managing partner of Bestport, says: “We are excited to be partnering with Paul on the next stage of the company’s journey. ESL is an ambitious, fast growing business delivering energy saving benefits to the critical economy. We also see a big opportunity to build on the company’s success in delivering more energy efficient solutions to the commercial sector.”
Dave Sherrington, head of regional sales at ThinCats, says: “ESL was one of the first lighting consultancy companies in the UK to offer LED lighting solutions, and is at the forefront of energy efficiency. The team are demonstrating an impressive commitment to supporting the UK government in meeting decarbonisation targets, and we are delighted to have supported them with this funding package alongside Bestport.”