Barghest Leading the Charge in Energy Efficiency
Deal News | Jul 22, 2025 | Actis LLP
In a strategic move to enhance its sustainable infrastructure portfolio, Actis LP has acquired a 100% stake in Barghest Building Performance (bbp), a top provider of Energy-Savings-as-a-Service (ESaaS) for HVAC systems across Asia. bbp's unique approach involves using patented software, AI, and machine learning to optimize cooling systems, providing up to 40% energy savings. Serving customers in diverse sectors such as semiconductor manufacturing and commercial real estate, bbp has helped clients avoid significant carbon emissions and save approximately $92 million. The acquisition is part of Actis's strategy to leverage Southeast Asia's growing focus on energy efficiency, driven by regulatory standards like Singapore's Minimum Energy Efficiency Standards for chilled water systems. The deal will enable bbp to take on larger projects and continue its growth under the leadership of CEO Boon Chye Hoe.
Sectors
- Sustainable Infrastructure
- Renewable Energy & Energy Efficiency
- Information Technology
Geography
- Asia – The primary region where bbp operates and Actis is focusing its investment to leverage energy efficiency demands.
- Southeast Asia – A key market impacted by energy efficiency regulations, driving the demand for solutions like those provided by bbp.
- Singapore – Home to regulatory changes promoting energy efficiency, notably influencing industries such as semiconductor and pharmaceutical manufacturing.
Industry
- Sustainable Infrastructure – Involves investments in projects and technologies that improve environmental sustainability, such as energy efficiency solutions like those offered by bbp.
- Renewable Energy & Energy Efficiency – Focuses on producing cleaner energy and using existing energy more efficiently, as demonstrated by bbp's solutions for HVAC systems.
- Information Technology – Encompasses the technological aspects, such as AI and machine learning, used by bbp to optimize energy efficiency.
Financials
- 100% stake – Actis acquired 100% of bbp, marking a complete acquisition of the company.
- US$92 million – Total savings achieved for bbp's clients through energy efficiency improvements.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Actis LLP | Investor/Buyer | Company | A leading investor in sustainable infrastructure, acquiring a full stake in bbp. |
| Barghest Building Performance (bbp) | Target | Company | An Energy-Savings-as-a-Service provider specializing in optimizing HVAC systems in Asia. |
| Boon Chye Hoe | Chief Executive Officer | Person | CEO of bbp, leading the company's team and growth following Actis's investment. |