05 Feb 2015 | 04:44 pm |
International law firm Pinsent Masons is advising the Department for Business, Innovation and Skills (“BIS”) on its disposal of 50 million ordinary shares (the "Placing Shares") in the capital of Greencoat UK Wind Plc raising gross sale proceeds of £51.75 million.
Greencoat UK Wind, which made an Initial Public Offering on the London Stock Exchange in 2013, invests in operating UK wind farms to provide shareholders with a sustainable and transparent income stream through an annual dividend. The company offers investors exposure to UK wind generation through a premium listed vehicle. Greencoat UK Wind is fully invested solely in operating UK wind farms which are currently producing income.
Greencoat UK Wind was the first renewable infrastructure fund to list on the LSE main market and is the only infrastructure fund or renewable infrastructure fund domiciled in the UK. Greencoat UK Wind is incorporated in England and Wales, and is a UK Investment Trust. BIS invested in the launch of Greencoat UK Wind in March 2013.
The Pinsent Masons team is led by Corporate partner Sean Page who commented "we are delighted to be supporting BIS on this transaction".
Multinational law firm Pinsent Masons has advised DCC Energy, a division of leading international sales, marketing and support services group DCC plc, on the acquisition of WIRSOL Roof Solutions (WIRSOL), a provider of photovoltaic (PV) and battery storage systems.
Multinational law firm Pinsent Masons has advised M Group Services, the leading provider of essential infrastructure services in the UK and Ireland, on its sale to private equity house CVC.
Multinational law firm Pinsent Masons’ partner Sylvia Tonova and senior associate Chloé De Jager have been appointed as Members of the ICC International Court of Arbitration, as representatives for Bulgaria and South Africa respectively. Both new appointments are for a three-year term set to commence on 1 July 2024.
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