Bird & Bird advises new client Vibrant Energy on its £1.5 million series A round financing led by Close Ventures Limited

16 June 2008

International law firm Bird & Bird has advised new client Vibrant Energy Surveys Ltd on its £1.5 million series A round financing. £1.35 million was invested by funds managed by Close Ventures Limited.

Vibrant Energy Surveys Ltd (the “Company”) is one of the UK’s leading providers of Energy Performance Certificates (EPCs). The business was founded in 2007 in response to the implementation of the European Energy Performance of Buildings Directive (EPBD) in the UK. The directive was introduced to reduce energy consumption and carbon emissions and requires all domestic properties bought or sold in the UK to obtain an energy performance certificate. By October 2008 all properties that are built, sold or rented will need an energy performance certificate. The proceeds of the financing will be used will be used to help the Company grow into the newly formed commercial and rental energy performance markets.

Corporate partner, Angus Miln headed the Bird & Bird team, assisted by corporate associate David Lowe and corporate trainee, Chris Charlton. Berwin Leighton Paisner (Geraint Lloyd and Valerie Whalley) acted for the Close Ventures Limited.

Andrew Stead, Founder and CEO of Vibrant Energy Surveys Ltd, said, “We enjoyed working with Bird & Bird and look forward to continuing our successful relationship with the firm.”

Since joining Bird & Bird in 2007, Angus has advised over 15 new clients (including Index Ventures, Global Finance, Tate & Lyle Ventures, Aescap Ventures, E-Synergy, InMedia Invest and Scottish Enterprise) on various venture capital investments and related transactions, primarily in the technology and life sciences sectors. The firm’s innovative and technologically advanced client base and market-leading IP and life sciences practices continue to make Bird & Bird a law firm of choice for high growth, venture-backed companies and investors alike.

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For more information please contact:
Derek Gilmour / Ben Girdlestone
Tel: +44(0)20 7415 6079 or +44(0)20 7982 6470
Email: derek.gilmour@twobirds.com or ben.girdlestone@twobirds.com

Notes to Editors

About Bird & Bird

Bird & Bird is a full service international commercial law firm with offices in Beijing, Brussels, Düsseldorf, Frankfurt, The Hague, Helsinki, Hong Kong, London, Lyon, Madrid, Milan, Munich, Paris, Rome and Stockholm.

For more information on Bird & Bird please go to www.twobirds.com