DWF supports Sustainable Investments Group growth

DWF, a global provider of integrated legal and business services, has played a pivotal role in guiding Lancashire-headquartered Sustainable Investments Group through a significant investment from Bridges Fund Management. With Bridges acquiring a 24% stake in the group's newly established parent company, the funds are aimed at bolstering the group's growth initiatives within the retrofit and energy service sectors.

Sustainable Investments Group comprises various operations including Sustainable Building Services, Sustainable Energy Services, Permarock, and Sustainable Smart Technologies, showcasing a robust portfolio across domestic green retrofit, energy services, building products, and smart technology. In their most recent accounts, the group reported a turnover of £70 million, illustrating a healthy growth trajectory.

The investment from Bridges Fund Management is set to support Sustainable Investments Group's medium-term growth strategy, which entails developing existing businesses, entering complementary markets, and pursuing selective acquisitions and commercial partnerships. Following the investment, Derek Horrocks will maintain his role as chairman and majority shareholder, ensuring that he continues to lead the group's strategic direction alongside its existing leadership teams. Furthermore, Charlie Edwards from Bridges Fund Management will become part of the new group board.

Commenting on the deal, Derek Horrocks expressed confidence in the partnership, stating that “I have chosen Bridges because they share our ambition and the values behind it. They understand that commercial success and positive impact go hand in hand, and their experience, wider team and relationships will help us accelerate our growth and deliver my vision for the group.”

Will Munday, a Partner in the DWF deal team, also shared his enthusiasm regarding this significant investment, noting that “We are delighted to have advised Sustainable Investments Group on this significant investment, which represents an important milestone in the group's development. The partnership with Bridges provides a strong platform to support its ambitious growth plans, including expanding its existing businesses and pursuing new opportunities across the retrofit and energy services markets. It was a pleasure to work with Derek and the wider team on this transaction, and we wish them every success for the next stage of their journey.”

The DWF team involved in this notable deal included Will Munday, Megan Gillespie, Alec Mackenzie, and Victoria Shaw, all contributing their expertise in corporate law to facilitate this transformative investment.