HGGC-backed Intrepid Bidco completed the acquisition of Inspired for £183.6m.

HGGC-backed Intrepid Bidco, a newly formed acquisition vehicle, completed the acquisition of Inspired, company that provides energy advisory, utility cost optimisation, and sustainability services to businesses, for £183.6m. HGGC believes Inspired is well-positioned to benefit from growing regulatory and commercial demand across energy procurement and advisory services. The firm said it plans to focus on long-term investments and may suspend dividend payments to reinvest in the business. It also expects to optimize capital structure through higher leverage, potentially exceeding typical public market norms.