Palatine Private Equity acquires minority shareholding in Anthesis Group

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Palatine Private Equity has acquired a significant minority shareholding in fast growing, global sustainability specialist, Anthesis Group.

Established in 2013, Anthesis has grown to a turnover of £40m (FY2019) and is ranked in the prestigious Sunday Times Fast Track 100 as one of the UK’s fastest-growing private companies, and the International Track 200, for its fast growth in international sales.

Headquartered in London, with a global workforce of 600 consultants across 17 countries, Anthesis supports leading companies, cities and organisations with financially driven sustainability strategies, underpinned by technical expertise. Its clients include 25% of the FTSE 100, 65 of the Fortune 500, and world-leading brands such as Amazon, Target, Kimberley-Clark, and Nestle.

The business has recorded underlying organic revenue growth in excess of 20% since 2017 and achieved double digit revenue growth in 2020, even with the challenges of the pandemic.

The investment will enable Anthesis to scale at pace, organically and acquisitively, across borders and disciplines, and accelerate its impact through digitisation.

Anthesis will remain majority owned by its team and Palatine partners Beth Houghton and Tristan Craddock are joining the board as Non-Executive Directors.

Beth Houghton, Partner and Head of the Impact Fund said: “Anthesis is an outstanding purpose-led business and a trusted partner to global, household name brands, major corporates and forward-thinking cities, as they work to address one of the great social and economic challenges of our time, sustainability.

“Anthesis’ mission-driven approach aligns with our long-term commitment to place purpose and responsibility at the heart of our investment strategy. We see tremendous growth potential as more progressive businesses seek out expert support to embrace sustainability in a meaningful way.

“We are thrilled to be working closely with Stuart and the Anthesis team and take the business to the next level.”

Anthesis Co-founder and Chief Executive, Stuart McLachlan, said: “We have 10 years to effect change. Our market is now awake to the reality of climate impact and the need for unsustainable brands and organisational models to transform. Anthesis is positioned in the middle of these commercial and sustainable performance drivers.

“We are constantly looking at how we can scale our impact by helping our clients navigate through these constraints, risks and opportunities. While we have achieved strong growth since the company was formed in 2013, we need to accelerate progress, and I’m delighted that Palatine are joining us on this journey. Palatine understands that the way business repositions their brands and operations to become a force for good will determine future performance, or more relevantly sustainable performance.”

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