Global law firm Ashurst has advised Low Carbon Limited on its circa £1.1 billion equity and debt raise in connection with the investment in and development of Low Carbon as a pan-European independent power producer (IPP).
Low Carbon is an IPP with development, construction and operational renewable energy assets across Europe. The investment will enable Low Carbon to significantly expand its installed capacity and drive the next stage of its growth as a diversified, leading next-generation IPP, making a lasting impact on the UK and Europe's ongoing energy transition.
The new investment from CVC DIF combined with follow-on investment from existing shareholder MassMutual, the refinancing of existing project finance debt and raising of a Holdco facility, will secure circa £1.1 billion of committed capital for Low Carbon.
The Ashurst team was led by partners Gaby Jones, Antony Skinner and Lindsey Bouchara, supported by senior associates Luiza Wojciszke, Sam Newman and Anthony Gray, associates Aoife Fenlon, Ciaran Rutherfurd, Divya Deivanayagam, Sha Lin Koh and Harry Crabtree, trainees Sophie Hensher, Megan Irvine Mordaunt, George Simmons and Freddie Freeman and solicitor-apprentice Zara Overton. Employment advice was led by partner Ruth Buchanan, while senior associate Alec Peschlow and associate Nicholas Anning led from a global markets perspective. Partner Steven Vaz led on competition aspects alongside senior associate Danica Barley.
