Buyer landscape

Likely buyers · ClimateTech in United Kingdom.

Prepared 2026-09-29 with GP Intel · deterministic scoring, published weights: gp-intel.com/methodology/league-tables

How companies like this sold · 58 verified exits: 14% to sponsors, 79% to corporates and platforms, 2% via IPO, 5% other routes. Route shift since 2020: sponsors 26% (was 28%), corporates and platforms 68% (was 66%), IPO 3% (was 6%) (sector-wide).

The list: 25 Tier 1 · 0 Tier 2 of 120 matched buyers, including 16 geographic expansion candidates without a local platform yet. A first round of the Tier 1 names plus the expansion buyers covers the demonstrated demand.

Financial buyers · 25

Tier 1 · Very High · score 70+

1. EQT SponsorVery High87

29 platform investments in Energy & Climate · 16 in United Kingdom · 51 deals 2024–26

AUM €291.0B · EQT X · 2023 vintage · deploying · check €440M-3.3B

53 platform investments since the 2023 vintage · largely deployed vs its usual 12 per fund.

Bought Waga Energy from SWEN CAPITAL PARTNERS, 2025 · ClimateTech, France

2. Ring Capital SponsorVery High87

11 platform investments in Energy & Climate · 32 deals 2024–26

AUM €470M · Ring Altitude II · 2025 vintage · deploying · check €4-33M

17 platform investments since the 2025 vintage · largely deployed vs its usual 13 per fund.

Backed Enerin, 2026 · ClimateTech, Norway

3. MML Capital SponsorVery High84

4 platform investments in Energy & Climate · 30 in United Kingdom · 22 deals 2024–26

AUM €2.0B · MML Dorchester SCSp · 2025 vintage · deploying · check €13-95M

13 platform investments since the 2025 vintage · largely deployed vs its usual 8 per fund.

Backed EVAARO, 2025 · ClimateTech, UK

4. MML Capital + Bpifrance SponsorVery High84

4 platform investments in Energy & Climate · 30 in United Kingdom · 21 deals 2024–26

AUM €2.0B · MML Dorchester SCSp · 2025 vintage · deploying · check €13-95M

13 platform investments since the 2025 vintage · largely deployed vs its usual 8 per fund.

Backed EVAARO, 2025 · ClimateTech, UK

5. MML Capital Partners SponsorVery High84

4 platform investments in Energy & Climate · 31 in United Kingdom · 21 deals 2024–26

AUM €2.0B · MML Dorchester SCSp · 2025 vintage · deploying · check €13-95M

13 platform investments since the 2025 vintage · largely deployed vs its usual 8 per fund.

Backed EVAARO, 2025 · ClimateTech, UK

6. Just Climate SponsorVery High84

9 platform investments in Energy & Climate · 2 in United Kingdom · 11 deals 2024–26

AUM €1.7B · Natural Climate Solutions Strategy · 2024 vintage · deploying · check €7-52M

Accelerating: 9 deals in the last 2 years vs 1.5/yr before.

Backed NatureMetrics, 2025 · ClimateTech, UK

7. YFM Equity Partners SponsorVery High83

4 platform investments in Energy & Climate · 61 in United Kingdom · 23 deals 2024–26

AUM €878M · YFM Buyout Fund III · 2023 vintage · deploying · check €2-17M

32 platform investments since the 2023 vintage · largely deployed vs its usual 20 per fund.

Backed StormHarvester, 2025 · ClimateTech, UK

8. Eiffel Investment Group, Mirova SponsorVery High82

23 platform investments in Energy & Climate · 1 in United Kingdom · 15 deals 2024–26

AUM €7.0B · Eiffel Energy Transition III · 2025 vintage · deploying · check €24-180M

8 platform investments since the 2025 vintage · largely deployed vs its usual 7 per fund.

Backed Reforest'Action, 2024 · ClimateTech, France

9. Scottish National Investment Bank SponsorVery High81

16 platform investments in Energy & Climate · 52 in United Kingdom · 26 deals 2024–26

AUM €1.3B · Scottish National Investment Bank (Balance Sheet) · 2020 vintage · no newer fund · check €27-202M

Active in United Kingdom since 2020.

Backed Devilla Battery Energy Storage System, 2026 · ClimateTech, UK

10. Ardian SponsorVery High79

53 platform investments in Energy & Climate · 11 in United Kingdom · 52 deals 2024–26

AUM €196.0B · Ardian Expansion Fund VI · 2025 vintage · deploying · check €64-480M

14 platform investments since the 2025 vintage · mid-deployment vs its usual 15 per fund.

Bought Akuo from ICG, 2025 · ClimateTech, France

11. Asterion Industrial Partners SponsorVery High79

12 platform investments in Energy & Climate · 4 in United Kingdom · 8 deals 2024–26

AUM €10.0B · Asterion Industrial Infra Fund III · 2024 vintage · deploying · check €68-510M

7 platform investments since the 2024 vintage · mid-deployment vs its usual 8 per fund.

Backed Abio, 2024 · ClimateTech, Spain

12. RGreen Invest SponsorVery High79

17 platform investments in Energy & Climate · 1 in United Kingdom · 12 deals 2024–26

AUM €2.5B · INFRABRIDGE IV · 2026 vintage · deploying · check €10-75M

3 platform investments since the 2026 vintage · mid-deployment vs its usual 5 per fund.

Backed Geogreen, 2026 · Energy, France

13. KGAL SponsorVery High79

17 platform investments in Energy & Climate · 7 deals 2024–26

AUM €15.0B · KGAL ESPF 6 · 2023 vintage · deploying · check €5-38M

9 platform investments since the 2023 vintage · largely deployed vs its usual 6 per fund.

Backed Grevesmuehlen Battery Storage, 2026 · ClimateTech, Germany

14. Finorpa Gestion SponsorVery High78

6 platform investments in Energy & Climate · 29 deals 2024–26

Hauts-de-France Avenir TPE PME · 2026 vintage · deploying

8 platform investments since the 2026 vintage · early in deployment vs its usual 32 per fund.

Backed Reempro, 2026 · ClimateTech, France

15. Swanlaab Venture Factory SponsorVery High78

6 platform investments in Energy & Climate · 18 deals 2024–26

Swanlaab Innvierte Agrifood Tech · 2024 vintage · deploying

Accelerating: 15 deals in the last 2 years vs 1.3/yr before.

Backed Pack2Earth, 2025 · ClimateTech, Spain

16. Idia SponsorVery High77

53 platform investments in Energy & Climate · 30 deals 2024–26

AUM €2.4B · Crédit Agricole Assurances Avenir et Territoires · 2026 vintage · deploying · check €2-15M

8 platform investments since the 2026 vintage · early in deployment vs its usual 26 per fund.

Backed GROUPE VALOREM, 2025 · ClimateTech, France

17. Edmond de Rothschild Private Equity (France) SponsorVery High77

11 platform investments in Energy & Climate · 3 in United Kingdom · 21 deals 2024–26

AUM €4.3B · Amethis Fund III · 2023 vintage · deploying · check €8-61M

28 platform investments since the 2023 vintage · largely deployed vs its usual 9 per fund.

Backed ADEMAT, 2026 · Energy, Cote d'Ivoire

18. TiLT Capital Partners SponsorVery High77

11 platform investments in Energy & Climate · 8 deals 2024–26

AUM €340M · TiLT Capital Fund 1 · 2024 vintage · deploying · check €6-48M

Backed ENDENA, 2025 · ClimateTech, Spain

19. Ardian Clean Energy Evergreen Fund SponsorVery High76

51 platform investments in Energy & Climate · 10 in United Kingdom · 45 deals 2024–26

AUM €196.0B · Ardian Expansion Fund VI · 2025 vintage · deploying · check €64-480M

14 platform investments since the 2025 vintage · mid-deployment vs its usual 15 per fund.

Bought UNITe from Bpifrance Investissement, 2024 · ClimateTech, France

20. UI Investissement SponsorVery High76

5 platform investments in Energy & Climate · 13 deals 2024–26

AUM €1.7B · Cap Autrement · 2023 vintage · deploying

17 platform investments since the 2023 vintage · largely deployed vs its usual 14 per fund.