DarkLight mode
News – 18.11.24
International Men's Day - breaking the silence around men's mental health
International Men's Day - breaking the silence around men's mental health … Read more
Insight – 20.11.24
A change in US Presidency: How might it affect your finances?
In this article, we explore the potential economic and financial impacts of Donald Trump's return to power. … Read more
Upcoming event – 10.12.24
Funding innovation in the technology sector: Are the government doing enough?
Join us for an exclusive roundtable breakfast to explore the question of whether the government are doing enough to support innovation in the technology sector. … Read more
Find us quickly
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
Seller: Foresight
Buyer: Downing LLP
Type of deal: Acquisition
Sector: Renewable energy and infrastructure
Value: £26m
Date: January 2024
Buzzacott provided transaction advisory services including financial and tax due diligence and structuring advice.
The renewable energy and infrastructure arm of Downing Estate Planning Service has acquired 100% of a residential solar PV portfolio from Foresight. The portfolio was particularly attractive as it benefits from 100% fixed revenues from feed-in-tariffs. It also demonstrates Downing’s commitment to responsible investing.
Downing’s internal infrastructure asset management team will be overseeing the operation and maintenance of the assets. They are confident this acquisition will yield long-term, positive impacts for both their investors and the environment.
Downing’s Energy and Infrastructure team has made more than 180 investments and has c.£850 million of assets under management - consisting of solar, wind, hydro and battery storage technology.
The financial due diligence team was led by Alex Judd, supported by James Wood and Megan Leonard-Moran. The tax team was led by Tony Dillow, supported by Kazia Kruszewski, Nicholas Lee, and Kamlesh Chauhan from our specialist VAT team.
“It was a pleasure to work with the Buzzacott team, who supported us with corporate finance and tax due diligence mandates on this transaction. The financial and tax teams worked seamlessly together to help us identify and mitigate key issue risks. Their efforts added a lot of value to our decision making” – Arthur Glowacki
If you would like to receive notifications of our future deals or insights from our team on raising finance or selling a business, complete the form below to sign up to our mailing list. You can also leave us a question regarding our services in the text box, and one of our team members will be in touch.
.jpg)
