In brief: Apax Global Impact makes first climate-focused deal

On Tuesday Apax Global Impact Fund, advised by Apax Partners, announced it is taking a controlling stake in Integrated Environmental Solutions (IES).

Interest in impact strategies is on the rise, as LPs are increasingly looking to “revamp or build” their impact programmes, Fraser van Rensburg, co-founder and managing partner of Asante Capital Group, told affiliate title PE Hub’s MK Flynn in early January.

IES offers technology and consultancy services to help decarbonise buildings, communities and cities. Supporting resource-efficient and cost-effective built-environments, IES simulates and analyses data to give those involved in the design, retrofit and operation of buildings the information needed to make more sustainable decisions, according to a release.

The investment will enable IES to scale to meet the ever-increasing demand for sustainability-focused technology from building designers, owners and tenants, the release added. The fund has a thematic focus on reducing environmental harm and resource use.

“As we collectively progress towards Net Zero goals, innovative technology such as that offered by IES will prove critical in the transition to a more sustainable future,” said Chris Robinson, principal, Apax Global Impact team.