Based in Cornwall, BEST designs and manufactures energy saving products for motors, lighting, refrigeration and air conditioning. Their real-time energy management system Eniscope is used by many customers worldwide including restaurant chains, sports clubs, retailers and data centres.
The investment by Percipient into the business will enable BEST to grow their presence on international markets as well as develop their energy saving product offering.
HMT led by Paul Read undertook financial due diligence for Percipient on the investment and Director Holly Bedford-Bell provided tax advice on this transaction.
Jason Gould at Percipient commented:
“We are delighted to have been able to support BEST in order to help them accelerate the rapid growth in the business and continue the global rollout of their market leading products. HMT were able to quickly grasp the key points we wanted comfort on as part of the due diligence exercise and proactively worked with the team to deliver what was needed.”
Paul Read commented:
“BEST operates in an innovative marketplace and with Percipient’s support Management are in strong position to lead the business through a period of rapid and significant growth.”