Isle Utilities joins forces with merchant bank
Turquoise International, the specialist energy and environment merchant bank, has teamed up with cleantech innovation consultancy Isle Utilities to support investment and M&A transactions in the water sector.
The companies have worked together on two investments by the Low Carbon Innovation Fund, managed by Turquoise and supported by the European Regional Development Fund: Syrinix, a leading developer of smart pipeline monitoring technology for water utilities, and Bactest, a company specialising in microbial contamination testing. Isle provided expert due diligence on the water sector’s appetite for such technologies.
Francis Wright, managing director at Turquoise International, said: “Working with Isle Utilities on these two projects made it clear to us that we have complementary skills sets and expertise which, combined, can deliver significant benefits to investors and companies seeking advice on M&A and fundraising.
“Isle has excellent access to water utilities and technology companies globally, providing an in depth understanding of the emerging technologies in the water sector and helping to identify target buyers and strategic investors.”
Fiona Griffiths, general manager at Isle Utilities, said: “Turquoise International has more than a decade’s experience providing expertise to companies in the energy and environment sectors. They share our passion for supporting emerging technologies in the water and wider clean technology arena which will really help these businesses to achieve success.”
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