Global law firm Ashurst is advising Inspired plc (Inspired) on the recommended cash takeover of Inspired by Intrepid Bidco Limited, a newly formed company indirectly wholly owned by funds managed and/or advised by HGGC, LLC and its affiliates, announced today. The offer price of 81 pence per share values Inspired's entire issued and to be issued ordinary share capital at approximately £183.6 million.
Inspired is a technology-enabled commercial energy and sustainability advisory service provider delivering solutions to enable businesses to transition to net-zero and manage their response to climate change. The company’s services range from utility data management and procurement to consumption reduction and intelligent ESG strategies. Inspired operates through four divisions – Assurance, ESG, Optimisation and Software – providing an integrated suite of services to help clients reduce cost, consumption and carbon.
HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators, and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200 million and +$1.5 billion. The firm is based in Palo Alto, CA and manages over $8 billion in cumulative capital commitments.
The Ashurst team advising Inspired plc is being led by Tom Mercer, supported by senior associate Millie Gibbs, and associates Gareth Mair, Rosie Swanborough, and Patrick Chambers. John Papadakis is providing incentives advice. Gateley plc is also advising Inspired.
