Travers Smith LLP has advised DIF Capital Partners (“DIF”) on its investment in Pinnacle Power Limited, a leading UK district heating platform. We advised DIF on the terms of the acquisition through which DIF will control a significant majority in the company, with the management team retaining a minority stake.
DIF's investment will aim to accelerate Pinnacle Power's growth and fund the development and ownership of city-scale district heating networks across the UK, which is expected to play a crucial role in the UK's journey to net zero.
The Travers Smith team was led by Corporate M&A Partner Jonathan Walters, supported by Senior Associate Morgan Grindlay and Associates Francisco Vasconcelos Pimentel and Marie Morazzani.
Commercial advice was provided by Partner Richard Brown, Senior Associate Richard Offord and Associates Katie Hindley and Emma Riggs, Tax advice by Partner Russell Warren and Associate Lewis Currie, Finance advice by Partner Ben Thompson and Senior Associate Kanwal Majeed, Employment advice by Partner Adam Wyman and Senior Associate Matthew Davis and Operational Risk & Environment advice by Senior Counsel John Buttanshaw and Associate Harrie Narain.
