Actis has acquired a 100% stake in Barghest Building Performance, a leading ESaaS provider in Asia, to capitalize on the growing demand for energy efficiency in the region.

Information on the Target

Barghest Building Performance (bbp) is a premier provider of Energy-Savings-as-a-Service (ESaaS) for heating, ventilation, and air conditioning (HVAC) systems throughout Asia. bbp is distinguished by its innovative energy efficiency solutions, which are designed to unlock energy savings of up to 40%. It achieves this through a strategic integration of patented software, proprietary expertise, sensors, and controllers. The company leverages an advanced platform that incorporates machine learning and artificial intelligence, utilizing real-world data from over 400,000 Refrigeration Tons (RT) of cooling systems it has optimized across nine Asian markets.

In addition to enhancing existing cooling systems, bbp selectively upgrades customers' HVAC equipment using its unique knowledge, enabling greater energy savings at reduced capital expenses. The company typically finances the implementation of its optimization solutions and the upgrade of clients’ equipment, allowing asset owners to concentrate on their core operations while benefiting from cost savings and reduced carbon emissions. Actis’s investment is set to empower bbp to pursue larger-scale projects and further amplify its growth trajectory.

Industry Overview in Asia

The energy efficiency sector in Southeast Asia is witnessing significant momentum as companies increasingly prioritize enhanced energy performance to drive down operational costs, lower carbon emissions, and comply with evolving regulatory standards. In Singapore, for instance, the National Environment Agency has established Minimum Energy Efficiency Standards (MEES)