eaga

Operating as an employee partnership since 1990 eaga retained Brewin Dolphin in 2006 to act as broker and adviser in preparation for a flotation on the main market. The company floated in June 2007, raised £220m of capital at a valuation of £453m, in line with Brewin Dolphin’s guidance.

Being the UK’s leading provider of residential energy efficiency solutions eaga is a unique investment proposition. Since its formation the Group has delivered energy efficiency measures into 5 million homes and lifted many people out of fuel poverty. The Group identified that it had a scalable infrastructure offering a platform to address a wide pipeline of opportunities across a broad market.

Moving into the quoted environment brought access to new sources of capital and greater financial flexibility. Flotation left the Group with new funds, a debt free balance sheet and access to significant banking facilities. More than 60 of the UK’s leading institutions bought shares, providing the company with a blue chip share holder base.

Around half of the Group’s shares continue to be held by employees, either directly or through the Employee Benefit Trust. Brewin Dolphin provides many other services to these stakeholder groups.

In addition to our service levels, key to Brewin Dolphin’s appointment was the valuation metrics for the business which benefited from our in-depth knowledge of the Support Services sector.