About the client
WEMSinternational (“WEMS”) is a provider of fully wireless building energy management systems. Its products enable operators of large commercial estates to minimise their energy costs across multiple sites by allowing central control of the estate’s energy consuming systems such as heating, lighting and air conditioning.
Major clients included BT, Boots, Matalan and Fitness First, with over 3,500 WEMS systems installed to date.
About the deal
Rickitt Mitchell advised management on the development capital fundraising exercise which included sourcing capital, deal structuring and project management through to completion.