Travers Smith LLP has advised Ancala Partners LLP, a longstanding client of the firm and a leading investor in critical infrastructure, on its new Growth Fund. The fund is supporting the growth plans of Portsmouth Water, Biogen and Leep Utilities. These companies are focused on accelerating the energy transition and ensuring the UK has clean, secure and resilient water supply.
The new fund (Ancala Essential Growth Infrastructure Fund) was oversubscribed and will support Portsmouth Water, Biogen and Leep Utilities only. It contains commitments from a diverse range of institutional investors from Europe, North America and Asia. Ancala first invested in these three assets in 2017 and 2018, as part of Ancala Infrastructure Fund I.
The Travers Smith team was led by the Head of Corporate Spencer Summerfield and also included Private Equity & Financial Sponsors Partners Victoria Bramall and Alex Dixon and Corporate Associates Ramya Mahidhara, Jarrett Whitehead, Virginia Holdenson and Sophie Gayle-Farlow.
For further information on Travers Smith's work in this area, please see Travers Smith's Alternative and Sustainability Insights | Travers Smith.
