bbp

On 22 July 2025, Actis acquired a 100% stake in Barghest Building Performance (bbp), a leading Energy-Savings-as-a-Service (ESaaS) provider for heating, ventilation and air conditioning (HVAC) systems in Asia.

bbp provides innovative energy efficiency solutions which aim to unlock up to 40% energy savings through a combination of patented software, proprietary know-how, sensors and controllers. bbp’s platform is complemented by machine learning and AI, modelled using real data from more than 400,000 Refrigeration Tons (RT) of cooling systems optimised by bbp across 9 markets in Asia.

In addition to optimising existing cooling systems, bbp also selectively upgrades customer equipment using its proprietary know-how, achieving higher potential savings for customers at a lower capital expense. bbp typically funds the deployment of its optimisation solutions and clients’ HVAC equipment upgrade, enabling asset owners and operators to focus on their core competencies while enjoying savings and carbon emission reductions. The investment by Actis aims to enable bbp to undertake larger projects to further accelerate its growth.

The business serves operations like semiconductor and pharmaceutical manufacturing, data centres, district cooling plants, hospitals, and commercial buildings. Among its customer base are three of the world’s top 10 semiconductor manufacturers, Fortune 500 companies and some of Asia’s top 20 commercial real estate firms. Through bbp’s services, customers have avoided 312,000,000kg CO2e and saved approximately US$92 million.

bbp’s trading name is Barghest Building Performance Pte Ltd.