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FF&P Private Equity backs BIMBO for UK energy efficiency company FIT

30 Apr 2013

UK mid-market firm FF&P Private Equity has backed portfolio company Efficient Energy Management Group in the buy-in management buy-out of specialist energy efficiency business FIT.

Efficient Energy Management Group said intends to capitalise on the demand for energy efficient commercial kitchens, as energy costs have more than doubled over the last ten years.

Since 2001, FIT has designed and installed energy-saving technology for blue-chip customers, including supermarket, hotel and leisure operators in the UK and Europe. The company’s Cheetah system, an energy management and safety control system for commercial food preparation, has been installed for clients including Whitbread, Tesco and Sainsbury’s.

Henry Sallitt, co-head of FF&P Private Equity, said, “We are delighted to have invested in a sector with strong macro drivers for future growth. We are also investing in a management team which we believe can continue to provide a compelling energy saving product to its existing customers and to reach many new ones”.

FF&P Private Equity is the private equity business of Fleming Family & Partners and targets the UK lower-to-mid market. Earlier this year the firm exited its investment in biotechnology company BAC with its sale to Life Technologies Corporation.

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