Dalmore Capital's Strategic Acquisition of Scottish Hydropower Portfolio
Deal News | Jan 24, 2025 | TLT
National law firm TLT has successfully advised Dalmore Capital on its acquisition of a portfolio of nine Scottish run-of-river hydropower sites from Triple Point Energy Transition plc, totaling 44.1 million pounds. This acquisition is strategically significant for Dalmore Capital, an independent fund management company, as it enhances their investment in long-term, low-risk infrastructure assets, aligned with socio-economic and environmental benefits for the transition to net-zero energy. The hydropower assets are considered low-risk due to long-term Feed-in-Tariff subsidies that adjust with the Retail Price Index, providing steady cash flow and high yield. TLT's expertise across various fields, notably in corporate and future energy law, facilitated the seamless completion of this unique deal. This acquisition stands out in the M&A market for its potential to diversify Dalmore's investment portfolio beyond mainstream renewable technologies.
Sectors
- Renewable Energy
- Infrastructure Investment
- Legal Advisory
Geography
- United Kingdom – The transaction centers on hydropower sites located in Scotland, part of the UK, and involves UK-based companies and legal firms.
- Scotland – All nine acquired hydropower sites are located in Scotland, making it a key geographical focus of the transaction.
Industry
- Renewable Energy – This sector is relevant as the acquisition involves hydropower assets, a component of the broader renewable energy sector, crucial for achieving net-zero energy goals.
- Infrastructure Investment – Dalmore Capital focuses on long-term infrastructure assets, and this acquisition adds significant value to their infrastructure investment portfolio.
- Legal Advisory – TLT provided legal advisory services for the transaction, indicating the presence of the legal industry as part of deal completion.
Financials
- £44.1 million – The total consideration paid by Dalmore Capital for the hydropower asset portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dalmore Capital | Buyer | Company | An independent fund management company investing in long-term infrastructure assets. |
| Triple Point Energy Transition plc | Seller | Company | The company selling the portfolio of hydropower assets. |
| TLT | Legal Advisor | Company | A national law firm that provided legal advisory services for the acquisition. |
| Kay Hobbs | Corporate Future Energy Partner | Person | Led the legal advisory team for TLT on this transaction. |
| Alistair Ray | CIO | Person | Chief Investment Officer of Dalmore Capital, expressed satisfaction with the acquisition. |