The Boards of Foresight VCT PLC and Foresight 2 VCT PLC are pleased to announce Foresight Group (“Foresight”) has completed another energy efficiency investment utilising its innovative and replicable structuring.
Foresight has invested in excess of £350,000 into Industrial Efficiency Limited (“IEL”), a company focused on providing energy efficiency improvements to blue chip commercial clients with a focus on the industrial sector.
This first investment will fund a deal with CEMEX UK, piloting an energy switching solution in one of CEMEX’s plants which will both lower energy costs and reduce emissions. The purchase, installation, and ongoing operations and maintenance have all been fully funded by IEL, with the returns to the company dependent on the performance of the installed equipment. These returns are generated with no exit risk and do not rely on any government subsidies or tariffs. Target returns are in excess of 10% IRR with premium yield generation.
As with Foresight’s earlier pioneering investment in this space which provided 35 David Lloyd Leisure centres with energy efficiency equipment, this investment has been structured to limit downside risk while providing exposure to potential increases in energy prices over time.
Foresight is in discussions with other blue chip counterparties about similar projects and has developed a pipeline of investments for a number of large corporations and/or government bodies utilising a range of proven energy-efficiency equipment.
For more information, please contact
Ben Thompson, Marketing Director firstname.lastname@example.org +44 (0)20 3667 8155
Notes to Editors
About Foresight Group
Foresight is an independent specialist private equity, environmental and infrastructure investor, which focuses primarily on investments in unquoted UK and European companies or projects and offers investors exclusive access to attractive income and growth opportunities.
Foresight has in excess of £800 million assets under management across a number of funds, including Limited Partnerships, Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCTs).
Foresight’s Private Equity team, comprised of ten investment professionals, invests between £1m and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs.
About CEMEX UK
Helping to build a Great Britain – CEMEX’s vision is to help build a greater Britain by providing solutions to construction problems through its innovative building materials, its expertise, its understanding of the construction issues and its people. CEMEX aims to create the best service and the best solutions for a better future.