M&A Deal Summary

TRIG Acquires Fig Power

On February 13, 2024, TRIG acquired renewable energy company Fig Power from BGF

Acquisition Highlights
  • This is TRIG’s 4th transaction in the Renewable Energy sector.
  • This is TRIG’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-02-13
Target Fig Power
Sector Renewable Energy
Buyer(s) TRIG
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

Fig Power

Bristol, United Kingdom
website
Fig Power is a developer focused on battery storage with a 1.7GW development pipeline, including 400MW with grid connection offers and a further 1.3GW of exclusive sites. Fig Power was formed in 2022 and is based in Bristol, United Kingdom.

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Buyer(S) 1

Buyer

TRIG

Guernsey, Channel Islands

website

Category Company
Sector Renewable Energy
Revenue 102M GBP (2020)
DESCRIPTION

TRIG is a renewable energy infrastructure investment company. Operating wind farm and solar park revenues come from the sale of generated electricity and green benefits which supplement the value of the electricity reflecting governments’ policy to encourage the development of renewables.

DEAL STATS #
Overall 4 of 4
Sector (Renewable Energy) 4 of 4
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Broxburn Energy Storage

United Kingdom

Broxburn Energy Storage is a 20MW battery energy storage project which is currently under construction in West Lothian, Scotland ("Broxburn" or the "Project").

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.

DEAL STATS #
Overall 90 of 91
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 51 of 52
Country (United Kingdom) 85 of 86
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 Metpro Online

Smethwick, United Kingdom

Metpro Online is a high-growth specialist manufacturer and distributor of cable management products. Metpro Online was founded in 1995 and is based in Smethwick, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Hydrock

Bristol, United Kingdom

Hydrock is a multi-disciplinary engineering design consultancy advising on how to make development sites viable and how to create high-performing buildings and infrastructure. Hydrock was founded in 1995 and is based in Bristol, England.

Sell -
Mergr

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