BIMBO of specialist energy efficiency business, Food Industry Technical (FIT)
Since 2001, FIT has designed and installed energy saving solutions for a large number of major supermarket, hotel and leisure operators in the UK and Europe. FIT’s solutions offer compelling payback periods, with the savings being monitored and measurable for customers. The company’s Cheetah system, an energy management and safety control system for commercial food preparation, has been installed in over 2,000 locations, for clients including Whitbread, Tesco and Sainsbury’s.
Clearwater International advised the MBI team including sourcing funding from FF&P Private Equity to back management’s acquisition of FIT by the new acquisition vehicle, Energy Efficient Management Group.
“Clearwater provided invaluable advice on what a potential Private Equity investor would be looking for and how best to capture their attention in order to secure funding for this acquisition. Clearwater International are very well connected into mid-market Private Equity investors and managed a tight process right through to completion. I wouldn’t hesitate to recommend their services.”
Simon Jarman, CEO, Efficient Energy Management Group
“FIT is a unique company with an excellent product in what is a high growth market. With the support of FF&P Private Equity, Simon Jarman and Mike Phillips will provide the necessary experience and ambition to capitalise on the demand for energy efficient solutions by UK and international companies.”
Jon Hustler, Partner, Clearwater International