Palatine Private Equity has announced a multi-million-pound minority investment in sustainability activator – Anthesis – enabling the elimination of three gigatons of carbon dioxide by 2030.
Equivalent to more than half the current annual US total of emissions, the investment will enable Anthesis to support its clients in avoiding, reducing, and removing emissions across the decisive decade, via reduction programs and net zero strategies.
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By GlobalDataThe acquisition combines investment from Palatine’s Buyout and Impact Fund, representing the first dedicated returns-focused impact fund in the mid-market, supporting profitable firms engaged in driving sustainable development.
Whilst remaining majority owned by the existing team, Anthesis will have access to Palatine’s ESG framework and its expertise across returns-focused impact investing and in buy-and-build.
Palatine partners – Beth Houghton and Tristan Craddock – will join the board at Anthesis as non-executive directors.
Referring to Anthesis as “an outstanding purpose-led business”, Houghton, head of the Impact Fund, said: “Anthesis’ mission-driven approach aligns with our long-term commitment to place purpose and responsibility at the heart of our investment strategy.”
Boasting over ten years’ experience across responsible investment approach, Palatine has won numerous sustainable finance awards, such as Responsible Investor of the Year and ESG Champion 2020.
The Impact Fund, which was launched in 2017, provides £5m – £10m in innovative, returns-focused businesses, such as Anthesis, that can create a clear positive impact on society or the environment.
Additionally, the Buy-Out Fund sees Palatine invest £10m – £30m in ambitious, high growth companies with “dynamic and visionary management teams”.
Commenting on Anthesis’ promising future, Houghton added: “We see tremendous growth potential as more progressive businesses seek out expert support to embrace sustainability in a meaningful way. We are thrilled to be working closely with the Anthesis team and taking the business to the next level.”
Established in 2013, with an average annual growth in revenue of 20%, Anthesis is one of the UK’s fastest-growing private firms.
Turning to the decisive decade, Stuart McLachlan, CEO at Anthesis said: “We have ten years to effect change.”
He concluded: “While we have achieved strong growth since the Company was formed in 2013, we need to accelerate progress, and I am delighted that Palatine is joining us on this journey.
“Palatine understands that the way business repositions their brands and operations to become a force for good will determine future performance, or more relevantly sustainable performance.”
