Three Hills, a private markets investment firm that specializes in offering tailored capital solutions to entrepreneurs and management teams across Europe and North America, announced its latest investment in Sinewave. Sinewave stands out as a leading provider based in the UK, focusing on grid connection and maintenance services for electric vehicle (EV) charging infrastructure, solar energy projects, battery storage, data centers, and a wide range of other energy infrastructure applications.
Founded in 2015 and located in Swindon, England, Sinewave has quickly established itself as a key player in the energy sector. The company excels in designing, installing, and maintaining high- and low-voltage electricity networks, operating at voltages of up to 400 kilovolts (kV).
What sets Sinewave apart is its ability to deliver comprehensive turnkey solutions that encompass every phase of infrastructure projects. With a commitment to technical excellence and reliability, Sinewave has earned a stellar reputation, particularly within the rapidly evolving UK EV Independent Connection Provider (ICP) market, while also expanding its footprint in the renewable energy and data center industries.
In this recent investment, Three Hills has secured a significant minority stake in Sinewave through a strategic combination of preferred equity and senior secured debt. This approach aligns with the firm’s overarching strategy of offering flexible capital solutions tailored to support the growth ambitions of middle-market businesses.
The investment in Sinewave signifies Three Hills Impact’s commitment to supporting resilient, mission-critical businesses that exhibit strong growth trajectories and innovative business models. Over the past few years, Sinewave has demonstrated remarkable performance, characterized by exceptional growth in both revenue and profitability, with a solid contracted backlog that indicates continued demand for its services.
Sinewave’s operations have a direct connection to Goal 7 of the United Nations’ Sustainable Development Goals, which aims to ensure access to affordable and clean energy for all. The company also proudly holds B Corp certification and provides carbon savings reporting, underscoring its deep commitment to sustainability. These initiatives align seamlessly with Three Hills’ impact strategy, reflecting a shared vision for a sustainable future.
This investment is not an isolated event; it builds on Three Hills’ recent investments in companies such as Socomore and MECH-I-TRONIC. These strategic moves reinforce the firm’s commitment to supporting innovative, high-growth industrial and infrastructure businesses throughout Europe.
Advisors: Three Hills was advised by Opus Corporate Finance, Eversheds (legal), CIL (commercial diligence), Cortus (financial & tax diligence), LCap Group (human capital), RSM (tax structuring), and Vista (insurance diligence). Sinewave was advised by KPMG (sell-side M&A and tax), Thrings LLP (legal), Baringa (commercial), and RSM (financial and tax diligence).
KEY QUOTES:
“Sinewave is a standout example of a business delivering essential infrastructure for the energy transition. Its strong operational track record, technical capabilities, and impact-driven culture make it an ideal partner for Three Hills. We are excited to support Adam and the team as they continue to drive significant growth and innovation in grid connection services.”
Marco Anatriello, Partner at Three Hills
“We are delighted to welcome Three Hills as a strategic partner. Their flexible capital approach and deep understanding of infrastructure businesses will be invaluable as we enter the next phase of growth. This partnership will allow us to expand our capabilities, strengthen our market position, and continue delivering high-quality solutions to our clients.”
Adam Woodley, CEO and Founder of Sinewave
