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Michelmores is pleased to have advised Triple Point Energy Transition plc on the successful sale of its last remaining investments, the hydro‐electric portfolio and the remaining LED receivables finance agreements for a total consideration of £44.1m.
Triple Point supports the transition to net zero by investing holistically across the energy sector whilst targeting a diversified and sustainable income for investors.
Arkaig Bidco Limited, a company owned and managed by Dalmore Capital Limited has purchased the entire issued share capital of TENT Holdings Limited (Holdco), including Holdco’s interests in its six hydro‐electric subsidiaries as well as the remaining LED receivables finance agreements.
The Michelmores team was led by Corporate Partner Alexandra Watson alongside Partners Cathy Bryant and Head of Energy Ian Holyoak. They worked alongside Senior Associate Adam Marques-Quint and Trainee Solicitor Charlotte Pottow, both from the Firm’s Corporate team.
Alexandra comments:
“We are delighted to have supported Triple Point Energy Transition plc on this strategic sale. Congratulations to Dalmore as it takes the portfolio forward.”
This transaction is very much in line with Michelmores’ own environmental principles as we to strive to address the use of renewable energy sources across the UK and work towards a fully decarbonised society. Michelmores has a strong legacy of helping clients to become more sustainable whilst also trying to reduce the impact that our own business has on the environment.
Read more about the Michelmores’ Corporate team on our website.
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