Announced
Completed
Financials
Tags
Conventional Electricity
Private
Minority
Completed
electric utility
Single Bidder
Acquisition
Private Equity
United Kingdom
Friendly
Cross Border
Synopsis
DIF Capital Partners, an infrastructure fund manager, completed the acquisition of a minority stake in Pinnacle Power, a district heating platform. Financial terms were not disclosed. “We share Pinnacle Power’s view that district heating networks will play a pivotal role in the energy transition story of the UK. We are impressed with what the Pinnacle Power management team has achieved to date and firmly believe in their ability to grow the business, backed by strong regulatory tailwinds. Pinnacle Power represents a compelling investment proposition for DIF, with an opportunity to invest in a build-to-core sustainable energy platform operating in a rapidly growing market," Gijs Voskuyl, DIF Capital Partners Partner and Head of Infrastructure.
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