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Announced

17 Mar 2025

Drax and Foresight are bidding to acquire Harmony Energy Income Trust for up to £210m.

Synopsis

Drax, a power generation business, and Foresight, an investment manager in real assets, are bidding to acquire Harmony Energy Income Trust, a UK-based investment trust, investing in a diversified portfolio of utility-scale energy storage and renewable energy generation assets in Great Britain, for up to £210m.

Principals

target

Harmony Energy Income Trust

bidder

Foresight Group

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Market Context

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Seller Team (12)

norman crighton

Chairman at HARMONY ENERGY INCOME TRUST

Investor

target

Deal

£ 210 M

Total Value

chris clarke

Managing Director at Panmure Liberum

Financial Advisor

target

Deals

£ 7.61 B

Total Value

darren vickers

Investment Banking Director at Panmure Liberum

Financial Advisor

target

Deals

£ 7.62 B

Total Value

william king

Associate at Panmure Liberum

Financial Advisor

target

Deals

£ 1.71 B

Total Value

tim medak

Co-Head M&A Investment Banking at Panmure Liberum

Broker

target

Deals

£ 2.15 B

Total Value

mark young

Head of Corporate Broking at Stifel

Broker

target

Deals

£ 5.34 B

Total Value

edward gibson-watt

Stifel

Broker

target

Deals

£ 487 M

Total Value

rajpal padam

Vice President at Stifel

Broker

target

Deals

£ 2.71 B

Total Value

madison kominski

Associate at Stifel

Broker

target

Deals

£ 429 M

Total Value

eddie livingstone-learmonth

Director at Camarco

PR Consultant

target

Deals

£ 601 M

Total Value

andrew turner

Director at Camarco

PR Consultant

target

Deals

£ 384 M

Total Value

mark whitfeld

Director at Stifel

Broker

target

Deals

£ 231 M

Total Value

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