Inspired Energy completes £26m fundraise
Lancashire headquartered ESG advisory firm, Inspired Energy has completed a £26.66 million fundraising with institutional investors raising £21.25 million on the AIM Market.
The fundraise was approved by shareholders at a general meeting held today (7 January 2025) at the offices of Gateley Manchester, the firm’s legal adviser.
The net proceeds of the fundraise will be used to strengthen the company’s balance sheet and support its pipeline of projects in its Optimisation division to reduce energy consumption and carbon emissions for c.130 customers.
Inspired plc is a technology-enabled service provider delivering solutions to enable businesses to transition to net-zero and manage their response to climate change.
Current market consensus for year ended 31 December 2024 that the business will make £27.5m of adjusted EBITDA and will have net debt of £57.9m and for the year ended 31 December 2025 consensus adjusted EBITDA is £30.1m.
Gateley Legal’s team comprised equity capital markets partners Paul Cliff and Sam Meiklejohn, corporate associate Hannah Hogarth, banking partner Christopher Lister and client relationship partner Paul Jefferson. The team worked alongside Shore Capital Markets and Panmure Liberum, who acted as joint brokers and bookrunners on the fundraise.
Paul Cliff commented: “The funds will not only strengthen the company’s financial position but also enable it to advance its ambitious projects aimed at reducing energy consumption and carbon emissions for a substantial number of customers.”
