> Eiger Capital takes a controlling interest in Genero Renewables Ltd

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Oct 03, 2018

Eiger Capital takes a controlling interest in Genero Renewables Ltd

Eiger Capital is delighted to announce that it has taken a controlling interest in Genero Renewables Ltd that has bought the trade and assets of Renewable Technical Services Ltd, Kettering. Eiger has co-invested alongside Catapult Ventures that has held a long-term interest in the business.

Genero provides high value installation and maintenance services for wind turbines in UK, continental Europe and the USA for blue chip generating companies and leading OEMs.

Robert Osborne, Partner of Eiger Capital LLP and Executive Chairman of Genero said, “We are delighted to be supporting Managing Director Chris Palmer, and his great team, to safeguard high quality jobs and to provide development finance for this exciting business in such a fast growing and environmentally critical technology.

Chris Palmer, Chief Executive of Genero commented, “This investment allows the business to continue its rapid growth with its same team, plus added firepower, to provide a better service to our clients as they address the huge renewables opportunity”.

Duncan Cameron, Director of Catapult Ventures added, “We are pleased to be able to provide further finance alongside Eiger Capital. Genero operates in a rapidly growing service sector and we look forward to working with Chris Palmer and his team in this next exciting growth phase.“

Corporate finance advice was provided by Kreston Reeves and legal advice by Thor Lion, London and Browne Jacobson, Nottingham.