Pinsent Masons advises Intelligent Energy on IPO
14 Jul 2014 | 01:20 pm |
International law firm Pinsent Masons has advised Intelligent Energy on its initial public offering (IPO) raising a total of £55 million.
The deal, thought to be London's biggest pure technology flotation in five years, values the green power company at $1.1bn (£639 million). Intelligent Energy intends to use the funds raised to pursue international expansion plans.
Corporate partners Rob Hutchings, Louise Wolfson and senior associate James Broadhurst led a Pinsent Masons team advising on the transaction.
Commenting on the deal, Rob Hutchings, said:
"The flotation represents a significant milestone for Intelligent Energy. It provides the funding needed to embark on ambitious growth plans as the company enters the next stage of its development.
"We are delighted to have assisted our client on a deal which is critical for their business and also demonstrates an appetite for innovative clean tech investments in the UK market."
Intelligent Energy is a longstanding client for Pinsent Masons. In 2013, the firm advised the company on its £30 million convertible loan note issuance and earlier this year advised on its issue of warrants.
Chief financial officer at Intelligent Energy, John Maguire, said: "We very much enjoyed working with the Pinsent Masons team, who in turn worked closely with ours to help us reach this important milestone in Intelligent Energy's development."
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises on The Real Greek pre-pack sale
Multinational law firm Pinsent Masons has advised on the sale of The Real Greek restaurant chain via a pre-packaged administration, acting for the company and subsequently the administrators in delivering the restructuring.
Pinsent Masons advises on Franco Manca CVA
Multinational law firm Pinsent Masons has advised the operating company of the UK pizza restaurant chain, Franco Manca, on its company voluntary arrangement (CVA). Paul Berkovi and Rob Croxen of financial advisory firm, Alvarez & Marsal, have been appointed as supervisors of the CVA.
Global study from Pinsent Masons finds CCS remains dominant, but low-carbon investors looking to diversify
New research from multinational law firm Pinsent Masons shows carbon capture and storage (CCS) remains a global priority for low-carbon players, with 90% of respondents having already invested in or developed a CCS project and 78% planning to do so again in the year ahead.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises on sale of VLocker to Venu+
Multinational law firm Pinsent Masons has advised on the sale of VLocker, a global leader in the design, manufacture, installation and management of electronic locker systems, to Venu+, a United States‑based portfolio company of private equity fund ZCG.
Pinsent Masons advises INDY Cinema on its acquisition by VERSANT
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
Pinsent Masons advises on acquisition of Alba Renewables
Multinational law firm Pinsent Masons has advised Southeast Asia-based clean energy developer Alba Renewables on its acquisition by a leading global investment firm.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]