Clarke Energy Welcomes Investment by ECI
London -- Clarke Energy today announces that ECI Partners LLP, the UK growth focused mid-market private equity firm, has invested a minority shareholding in the company, in order to help it realise its global plans for growth.
Clarke Energy, based in Knowsley near Liverpool, employs 700 people worldwide, with a turnover of circa £201m to year-end 31 October 2011. It is the world’s largest independent provider of efficient, clean energy solutions using GE’s class-leading Jenbacher gas engines.
These GE engines are versatile, and can run on a wide range of gas sources, including: natural gas, waste gases from mining, and gas from renewable sources such as sewage and landfill.
Clarke Energy has provided engines for some of Britain’s most high-profile installations, including Guys & St Thomas’ Hospital, The Shard and King’s Cross Development.
With a large installed base in the UK and France, management have diversified into other countries, including India, Ireland, Australia, Nigeria, Tunisia, Algeria and New Zealand.
Clarke Energy provides efficient energy solutions in a mix of developed and high growth economies and are seizing opportunities in specific markets, including coal gas and industrial power generation.
ECI’s investment will position Clarke Energy to fully capitalise on growth drivers in these markets, including:
The search for cheaper energy
The need to reduce carbon emissions
The need for reliable power supplies
The existing management team, led by Chairman Jim Clarke, CEO Jamie Clarke and CFO Peter Holliday, are delighted to have the financial support of ECI as they continue their impressive record of growth.
Commenting on the investment and Clarke Energy’s growth prospects, Chairman Jim Clarke said:
“ECI have a proven track record investing in ambitious, high-growth companies. We are very happy to have them on board, as they support Clarke Energy in the next stage of its expansion.”
John Hayhurst, Director ECI and who is also taking a non-executive board position, commented:
“Clarke Energy is a tremendous UK success story. From a base in Knowsley the company has achieved tremendous international expansion. We have been impressed by the client-focused culture within the business and its strong record of growth. We hope ECI’s investment will help to accelerate the growth in both existing and new markets.
About ECI Partners:
Founded in 1976, ECI is one of the leading UK mid-market private equity firms. With offices in London and Manchester, ECI specialises in management buyouts, buyins and development capital deals with companies valued between £10 million to £150 million.
Specialising in software and IT services, support services, consumer and leisure, manufacturing and healthcare, ECI has worked with both investment and management teams and successfully sold over 85 investments with a total value of over £2.5 billion since 1990.
ECI remains a natural partner for companies with growth potential and ambition.
ECI Partners is committed to supporting growth at the companies it backs: an important feature of ECI’s operating capability is the Commercial Team which has been engaged with both new and existing investments in the ECI portfolio. The team supports 100 day planning programmes and also focuses on strategic development projects, ranging from marketing and sales effectiveness to international expansion opportunities. The team partners with management to help accelerate growth, bringing to bear both dedicated resources and the networks and contacts developed by ECI Partners over the past three decades.
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