.
MergerLinks Header Logo

New Deal


Announced

Completed

Disposal of Brockwell Energy Limited to Lantern Bidco Limited, for £21m.

Synopsis

Disposal of Brockwell Energy Limited to Lantern Bidco Limited for £21m by Hargreaves Services plc, a diversified group delivering services to the industrial and property sectors. Brockwell is the holding company for the Group's interests in the renewable energy sector which the Board has previously announced its intention to sell. The initial gross proceeds, which are payable in cash at completion, are estimated to be £21m including the reimbursement of certain costs to be incurred by Brockwell prior to completion. A further £2m in cash may become payable, contingent upon the successful financial close of a future development project. Hargreaves will retain certain freehold land assets on which Brockwell intends to develop renewable energy assets in the future and as a result the Group will continue to have a landlord/tenant relationship with Brockwell on arm's length terms.

Show Details & Financials

Market Context

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US