Global law firm Ashurst has advised InfraVia Capital Partners on its acquisition of a majority stake in both Mercia Power Response and Balance Power Projects Limited, merging the two companies together to form Supernova Power.
This brings together two complementary businesses to form a single, scaled, integrated storage and flexible power platform supporting the UK energy system and accelerating the energy transition and aligns with InfraVia's strategy of supporting the energy transition by enabling the acceleration of renewable energy deployment in the UK.
Infravia is a leading, independent private equity firm specialising in real assets. Mercia is a leading provider of flexible power response services to the UK grid and specialises in developing, constructing and operating flexible gas peaking plants and battery storage assets. Balance Power is a leading developer of battery storage sites in the UK, having delivered 39 projects since inception across different energy technologies.
The Ashurst team was led by partner Amy Barker, and included partner Dallan Pitman and counsel Andrew Briggs, with support from senior associate Gabriel McGuiness, associates Hugh Morris, Ellie Wilson, Harry Pye, Daniella Zecchino, and Tom Segev and trainee solicitors Charlotte Cattaneo, Chloe Lee and Thomas Wallington. Project & Energy Transition advice was provided by partner Peter Grayson, associate Caroline Reid and legal manager Jess O'Neil and project financing advice was led by partner Antony Skinner and associate Abu-Bakr Samad. Partners Patricia Allen and Mark Spinney and associate Laura Bull led on tax advice, while partner Todd Wu and associate Rebecca Moore advised on real estate aspects. Employment advice was provided by partner Ruth Buchanan and associate Elizabeth Melsom.
