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Kempen European Private Equity Fund acquires a significant interest in APEM Ltd.

The deal is a co-investment with WestBridge Capital, Kempen’s private equity investment partner in the United Kingdom.

The buyout deal will support APEM’s growth ambitions as it develops complementary service lines to support its clients’ needs. Dr Adrian Williams and Dr Stuart Clough, who have been instrumental in growing the business over the past decade, will continue to take the company forward. They are supported by a broad and experienced executive team, who will benefit from the wider share ownership that this transaction has allowed.

Marvin de Jong, Director Private Markets at Kempen: ‘We are delighted to have been able to back this highly experienced management team. In our view, the demand for environmental consultancy is set to grow: the UK government is committed to delivering its 25-year environment plan, which includes the delivery of clean and plentiful water. We also note that the UK must comply with EU environmental regulations, even after Brexit. We believe that the impact on the business of a potential hard Brexit will therefore be relatively limited.’

Sven Smeets, Co-Head of Private Markets adds: ‘As the offshore wind industry affects wildlife behavior - above and under water - most countries have enforced strict regulation. As the leading provider of digital aerial bird surveys, APEM has carried out well over 1,500 surveys and worked on seven of the nine Round Three offshore wind zones in the UK, as well as wind farm areas in the German North Sea and German Baltic Sea. APEM already has a strong foothold in the United States, having won four major offshore wildlife photography survey contracts in the last couple of years. Together with our partner WestBridge Capital, we are looking forward to support and help drive further growth in the business in the years to come.’

Guy Davies, managing partner at WestBridge Capital, said: ‘We regard the Kempen Private Markets team as a partner in an alliance that offers room for professional, entrepreneurial development and investing. That’s why we are delighted that they are co-investing with us with regards to APEM.  We look forward to working with them on other transactions in the future.’

About APEM
Established in 1990, APEM provides environmental consultancy, laboratory services, field surveys and remote sensing capabilities to a range of sectors including water, power, engineering, construction and transport. Services include water quality and pollution analysis, species and habitat surveys, and aerial surveys, all of which assess the potential impact of developments and operations on the surrounding environment. APEM also provides on-going monitoring and consultancy to minimise environmental damage.The business is considered the thought-leader in its niche with clients that include blue chip companies, government bodies and regulatory authorities, such as the Environment Agency and DEFRA. Headquartered in Stockport and with a turnover of £10 million, APEM has eight offices across the UK, one in Germany and one soon to open in the USA, all supported by over 100 highly qualified staff.

Disclaimer 
Kempen European Private Equity Fund (the Sub-Fund) is a sub-fund of Kempen Alternative Markets Fund SICAV-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Sub-Fund is registered under the license of the Fund at The Netherlands Authority for the Financial Markets.  Risico 6 EN

The information in this document provides insufficient information for an investment decision. Please read the prospectus. This document is available on the website of KCM (www.kempen.com/investmentfunds). The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.

The Fund is a closed-end investment fund and is only available for professional investors. 

AFM EN

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