Selected transactions

Biolumicity (UK) 2014 - 15

  • An affiliate of Power Capital, Bee, acted as FA to Biolumicity, to raise debt and equity capital for its roll-out of environmentally sustainable poultry sheds
  • Round 1 of £9 million of equity was raised in Q1 2015 with further tranches of project senior debt, asset finance and holding company equity currently being raised

Purepower (UK), 2008 - 09

  • Appointed FA to UK gasification developer to raise £120 million in project finance debt
  • Portfolio facility to fund the roll-out of a portfolio of 3MW pyrolysis-based power plants in the UK
  • Acted as FA to shareholder in equity investment in the company
  • Power Capital principal acted as NED to the company

SIED, 2008

  • Acted as FA to Italian industrial group, Iniziative Bresciane, on the acquisition of a hydroelectric business

Miro Radici (Italy), 2006

  • Acted as FA to Italian industrial group, Miro Radici, on the disposal of its 10MW hydroelectric business
  • Power Capital ran an auction and achieved the highest price per MW ever achieved for this asset class

HgCapital (Italy), 2006

  • Financial and commercial adviser to HgCapital, a UK-based PE fund specialising in renewables, in the acquisition of an Italian wind developer

RWE Power (Italy), 2005

  • Appointed FA to RWE Power in its disposal of its Italian renewables subsidiary, comprising mostly hydro and wind operating assets
  • Power Capital ran an auction and achieved a record price for a renewable asset at the time

GTi Dakar (Senegal), 1998

  • Acted as FA to the Falck Group in its investment in a minority equity stake in GTi Dakar together with GE and the IFC
  • GTi Dakar is a 56MW oil-fired power plant located on the outskirts of Dakar, Senegal
  • Power Capital also negotiated the O&M role for Falck in the transaction
  • The project was the first IPP in Senegal

Fibrowatt (UK), 1997 - 2002

  • Power Capital acted as FA to the Falck Group in its acquisition of a minority stake in the UK biomass pioneer Fibrowatt
  • Fibrowatt developed the world’s first three poultry-fired power plants, all in the UK, totalling 65MW including Europe’s then largest biomass plant at 38MW in Thetford
  • The principal of Power Capital was appointed investors’ representative on the board of the company and was instrumental in the company’s expansion into the US which led to the construction of the world’s largest poultry-fired power plant in Minnessota
  • Power Capital was also appointed by the Founder and significant shareholder in the company to act as FA in its disposal of the business to EPR

Cogas (Italy), 1997 – 2001

  • Appointed FA to Forest Oil Corp, the oldest listed E&P company in the US, to advise on European oil and gas acquisitions
  • Advised on the acquisition of an equity stake in Cogas, an Italian gas distribution company
  • The investment by Forest Oil was the first by a US company in the Italian gas distribution market
  • Power Capital’s principal was appointed as Vice Chairman of Cogas
  • Power Capital advised Forest Oil on the disposal of the company to Thüga (E.ON).