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HCT Group & ClearlySo win Social Investment Deal of the Year at the UK Social Enterprise Awards

Last night in London, HCT Group, the UK’s leading community transport operator, and ClearlySo, Europe’s leading impact investment bank, won Social Investment Deal of the Year at the UK Social Enterprise Awards.

The award recognises the £17.8 million funding package that HCT Group secured, with help and support from ClearlySo, earlier this year. The funding is being used to accelerate HCT Group’s growth, providing the working capital to continue their rapid expansion and to provide the funds to acquire commercial bus operators and turn them into social enterprises.

Dai Powell, CEO of HCT Group, commented on the award win: “Social investment is vital for HCT Group, providing the resources we need to grow our business, our social impact and our ability to create social change. We are delighted to receive this award as, working together with ClearlySo, we have shown that social investment can work at genuine scale, securing the resources we need for the next stage of our growth”

Further commenting, Rodney Schwartz, CEO of ClearlySo: “It has been a pleasure and privilege to work with the HCT team for over a decade on several important transactions, including this award-winning investment—HCT proves business can do well and have a strong social impact.  At ClearlySo we are especially proud of this complex deal which blended in mainstream and high street bank capital with that of traditional impact investors.”

More information about the UK Social Enterprise Awards, award categories and winners may be found here.

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Notes to the Editors

About HCT Group

HCT Group is a social enterprise in the transport industry, safely providing over 30 million passenger trips on our buses every year. We deliver a range of transport services – from London red buses to social services transport, from school transport to whole bus networks, from community transport to education and training. We reinvest the profits from our commercial work into further transport services or projects in the communities we serve.

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses, charities, and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 130 clients raise more than £230 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

ClearlySo is headquartered in London. 

 

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ClearlySo wins Best Professional Service Provider at the Global Wealth & Society Awards

At the Global Wealth & Society Awards last night in London, ClearlySo won Best Professional Service Provider. The judges highlighted ClearlySo’s commitment to client service and mission to bring impact to all investing!

The Global Wealth and Society Awards Programme seeks to recognise high and ultra-high net-worth individuals who invest and deploy their wealth in ways to bring about positive impacts on the society that they operate in, and the institutions and providers that enable them do so.

More details about the awards, entry categories and judging criteria may be found here.

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ClearlySo are proud supporters of WE in Social Tech: Accelerating Women Entrepreneurs

ClearlySo are proud to support the WE in Social Tech programme to empower female founders in London’s tech scene, specifically those focusing on social impact.

WE in Social Tech is a new London-based growth accelerator supporting ambitious women-led technology businesses, based in the UK. Launched today, applications are now open for the FREE six-month accelerator programme, designed to help female tech founders with a social purpose start, grow or scale their business, and close on Monday 19th November.

This is a great opportunity for founders to build confidence, knowledge and skills in a variety of areas from finance and sales to marketing and more, as well as develop professional networks, gain support from peers and mentors and potentially grow their business.

Apply Now!

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BEAM, the investment platform created by ClearlySo client Bamboo Capital Partners, announces partnership with BBOXX

BEAM, the investment platform created by ClearlySo client Bamboo Capital Partners, announces a partnership with BBOXX to bring greater access to clean, reliable and affordable energy in Togo, powering economic growth and transforming lives.

  • This partnership follows and supplements the agreement signed today in Togo by EDF, the world’s leading electricity company, and BBOXX, a next generation utility
  • BEAM, the investment platform created by Bamboo Capital Partners, will invest in BBOXX Togo
  • It will accelerate the delivery of the Government of Togo’s energy access initiative providing electricity to millions of citizens
  • The investment is the latest development in Bamboo’s vision to deliver energy services that will transform lives in emerging markets

26 October 2018, Geneva – BEAM, the investment platform created by Bamboo Capital Partners (‘Bamboo’), today announces a partnership with BBOXX to bring greater access to clean, reliable and affordable energy in Togo, powering economic growth and transforming lives.

This partnership follows and supplements the agreement signed today by EDF, the world’s leading electricity company, and BBOXX, a next generation utility. Both companies will provide a reliable, affordable and CO2-free contribution to the Togo Government’s electrification programme, known as ‘CIZO’, which aims to supply over 500 000 households with solar home systems by 2030.

As part of the partnership, BEAM will invest in BBOXX Togo, the local DESCO (Distributed Energy Service Company). The injection of capital will be used to finance and accelerate the growth of BBOXX Togo.

BBOXX has been operating in Togo since 2017 and as a key partner in the CIZO programme, it has already supplied electricity to 26,000 Togolese households. BBOXX has opened around 20 shops, employing around 100 people in Togo. Its solar home systems include solar panels supplied with batteries to store electricity and payable with mobile money.

Mansoor Hamayun, CEO and co-founder of BBOXX, said: “Our latest deal with EDF symbolises the first stepping stone in a strong strategic partnership. It will see us work together to bring smart and sustainable energy solutions and other vital utilities and value-added services to the underserved. Working with global partners like EDF shows our commitment to scaling up, mobilising greater investment, generating meaningful impact and powering the economic development of some of the world’s least developed communities.

“Access to energy is a real driver for economic growth in Togo and other countries in the region. BEAM’s investment in BBOXX Togo will be crucial in terms of generating the impact on which we are all focused.”

BEAM is the brainchild of Bamboo, a private equity firm delivering positive social and financial value, and BBOXX. The investment in BBOXX Togo represents the latest development in BEAM’s vision to deliver energy services that will transform lives in emerging markets, with 1.1 billion people still without access to energy.

Jean-Philippe de Schrevel, Founder and Managing Partner at Bamboo, commented: “This is a significant milestone for BEAM as it is a proof of concept moment. BEAM was created with a clear vision to catalyse substantial investment into off-grid energy access initiatives across the developing world, with today’s partnership a tangible example of this. I look forward to announcing similar partnerships, investments and deals in the coming months and years.”

 

 

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Media Contacts

For Bamboo:

Lewis Hill
+44 20 7427 1418
bamboo@instinctif.com

 

For BBOXX:

Rolf Merchant/Amy Boekstein
+44 20 7457 2020
bboxx@instinctif.com

 

About Bamboo Capital Partners (http://www.bamboocp.com/)

Bamboo Capital Partners (“Bamboo”) is a pioneering private equity firm that delivers positive social and financial value. Bamboo invests in businesses primarily in financial services, energy and healthcare that leverage technology to have impact at scale in emerging markets. Founded in 2007, Bamboo is a longstanding sector leader and through continuous evolution has a honed strategy for growth. Bamboo has consistently been recognised as a prolific impact investor, with their funds rated in the top quintile of funds globally since 2013 by GIIRS and as a Best for the World Fund by B Lab for the past two years. The firm has a team of 25 professionals active across Europe, South America, Africa and Asia.

 

About BBOXX (http://www.bboxx.co.uk/)

BBOXX is a venture backed next generation utility, developing solutions to provide affordable, clean energy to off-grid communities in the developing world. BBOXX is fully vertically integrated, controlling every part of its customer experience. Its market leading products and appliances coupled with our SMART Solar platform bring machine-learning and customer experience optimisation to rural Africa. Ground-breaking financing structure has brought off-grid solar into the world’s financial markets. More than 150,000 systems have been deployed so far; 600 staff across 9 offices in China, UK and countries in Africa including Democratic Republic of Congo Kenya, Rwanda, and Togo.

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ClearlySo helps Ecoffee Cup secure investment from Triodos Organic Growth Fund

ClearlySo has helped Ecoffee Cup secure investment from Triodos Organic Growth Fund. The long-term investment from Triodos supports Ecoffee Cup in its ambition to promote re-use to a mainstream audience.

London, United Kingdom ClearlySo, Europe’s leading impact investment bank, announced today that it has helped Ecoffee Cup, an innovative, UK-based consumer goods brand that develops and sells style-driven, reusable products for use in the on-the-go market, secure investment from Triodos Organic Growth Fund. The long-term investment from Triodos Organic Growth Fund supports Ecoffee Cup in its ambition to promote re-use to a mainstream audience.

Each year, some 10 trillion single-use items are manufactured. Less than 30% of these items are recycled globally – meaning that more than two thirds end up in either landfill or, worse still, oceans. As part of this massive overall problem, over 100 billion single-use takeaway cups form part of this waste cycle, with the volume of the problem growing each year. Due to their plastic lining, less than one in 400 Single-use takeaway cups is recycled. Ecoffee Cup believes recycling is not the answer but behaviour change towards re-use is.

Driven by their mantra that there’s “no excuse for single use”, the founders and owners of Ecoffee Cup aspire to create innovative products that can replace single-use items in the out-of-home market. Their main product offering is a natural fiber-based to-go cup in multiple sizes and designs – offering a practical and stylish alternative to single-use cups.

David McLagan, founder of Ecoffee Cup: “We believe we’re at the beginning of a new phase when it comes to the usage and impact of single-use items. Timing could not be better – and we are excited to be working with Triodos when global opportunities to promote re-use are in seemingly endless supply.”

Jon Wright, head of institutional Sales at ClearlySo: “Ecoffee Cup has enjoyed rapid growth and attracted multiple offers from a range of private equity firms, however as an evergreen impact fund, Triodos proved the perfect partner, not only providing the financial resources, but also helping them articulate and scale their impact.”

Ecoffee Cup is the first investment of Triodos Organic Growth Fund in the United Kingdom. Jurriën Appers, fund manager of Triodos Organic Growth Fund: “Ecoffee Cup is a great addition to our portfolio. It is an exciting, fast-growing consumer goods brand, producing desirable products to help tackle a very big issue of post-consumer waste. The company has a clear plan for further growth and we look forward to sharing our knowledge and expertise to realise this ambition.”

Ecoffee Cup markets its products globally with a focus on the United Kingdom, Germany and the Netherlands. Since incorporation in September 2013, the company has grown to a turnover of more than GBP 5 million.

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Notes to the Editors

About ClearlySo

ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses, charities, and funds delivering positive social, ethical, and/or environmental impact as well as financial return.

Originally founded in 2008, ClearlySo has helped more than 130 clients raise more than £230 million in impact investment from its extensive network of high-net-worth individual and institutional investors.

ClearlySo is headquartered in London.

About Triodos Organic Growth Fund and Triodos Investment Management

Triodos Organic Growth Fund is a long-term ‘evergreen’ fund that invests in equity in leading, non-listed companies in the organic food and sustainable consumer products in Europe, with a focus on organic food, sustainable clothing and textiles, and personal care. In addition to Ecoffee Cup, Triodos Organic Growth Fund has equity stakes in Aarstiderne and Naturfrisk in Denmark, Naty in Sweden and Do-It and Marqt in the Netherlands. Triodos Organic Growth Fund is managed by Triodos Investment Management, a wholly-owned subsidiary of Triodos Bank NV, one of the world’s most sustainable banks. The fund is available for investments for professional investors.

About Ecoffee Cup

Ecoffee Cup is an innovative, UK-based consumer goods brand that creates stylish, practical and accessible re-usable products for the on-the-go market. The company’s objective is to provide everyone with the ability to choose to re-use. By promoting the notion of re-use to a mainstream audience – the company aims to make a real impact on diverting some of the trillions of single-use items that end up in landfill and oceans each year.

Further Information

John Lloyd
Chief Marketing Officer
ClearlySo
E:
john.lloyd@clearlyso.com
T:
0207 490 9520

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