PiP’s acquisition of an onshore wind portfolio

April 2019

PiP’s Multi-Strategy Infrastructure Fund has acquired a portfolio of onshore wind farms from Scottish Equity Partners (SEP) for an enterprise value of £50 million.  Everoze was very pleased to advise PiP on the acquisition and to subsequently act as lender’s advisor. We enjoyed the challenge of reviewing such a varied portfolio that ranges from single sub MW turbine sites across the Orkney and Shetland Islands to utility-scale turbines in Curraghderrig, Ireland and the Port of Tilbury in London.

Everoze was especially excited to perform a parallel review of the transaction on LiveDiligence – our online platform giving our clients faster access to the findings they need and the clarity required to make the right calls as the deal evolves.

Commenting on the acquisition and early experience with LiveDiligence, Joe Davis of PiP said: “We’re delighted to have acquired this portfolio and I’m very grateful for the quality of support from the Everoze team which was top-notch! It was great to use LiveDiligence as the platform was able to deliver findings from due diligence with increased speed and clarity. This is definitely the direction that the industry should be headed in and Everoze have created a top quality product that demonstrates the benefits that technology can bring to the due diligence.”

RELATED

LiveDiligence set to shake up transaction advisory market

LiveDiligence set to shake up transaction advisory market

LiveDiligence – the most efficient, clear and secure way to do due diligence. Get Live access to the due diligence review, so you can track issues as they develop

Read More >

Due Diligence on Demand

The risk landscape is changing rapidly as technologies evolve and the mix of active players in the market shifts. Our staff have the knowledge and understanding to work smarter – rapidly evaluating both risk and opportunity.

Read More >

Everoze and Aging Assets

Everoze has developed a holistic and flexible framework, known as LEAF, to support our clients in making better decisions with respect to aging renewables assets. Joss Boxford explains…

Read More >