Energy practice assists Three Hills Capital Partners
Navigant recently served as a commercial due diligence advisor to Three Hills Capital Partners (THCP), supporting its decision to invest over €60 million in ACT Group through a tailor-made capital solution to finance the firm’s five-year growth plan.
THCP is an innovative investment house providing flexible capital solutions to mid-market European companies, partnering with entrepreneurs and management teams to build successful businesses. ACT Group enables companies to achieve their sustainable energy goals by providing them access to a broad scope of environmental energy certificates, complemented by a wide range of physical (bio)fuels and feedstock. Key product markets the company serves include carbon emissions, renewable energy, energy efficiency, and alternative fuels, with annual traded volumes of nearly €1 billion.
Navigant’s expertise and deep understanding of policy developments in energy and sustainability across different jurisdictions helped THCP assess the regulatory impact on ACT’s underlying business model. Leveraging its market knowledge, Navigant also provided support in reviewing the market and regulatory outlooks of the main environmental commodities (carbon emissions, various types of renewable energy certificates, and biofuels) on a global level.
THCP has three funds under management with approximately €1 billion AUM collectively, and focuses on investments in preferred capital instruments across Europe. The company has invested approximately €650 million in successful mid-market companies across Europe, collectively valued at approximately €3 billion in enterprise value at the time of initial investment.