Ancala Partners sells hydropower firm Green Highland Renewables

Infrastructure investment manager Ancala Partners is selling hydropower business Green Highland Renewables (GHR) to industrial group GFG Alliance for an undisclosed sum.

SIMEC, the energy arm of GFG, will acquire GHR in an unconditional deal, which is expected to complete in February next year.

Ancala acquired GHR in April 2015 and transformed it from a developer into an independent owner and operator of hydropower plants.

GHR has 18 operating projects with a total capacity of over 23MW and another four under development with a total capacity of 8MW. 

Spence Clunie, managing partner at Ancala Partners, said: “Our strategy of transforming GHR into one of the leading independent owners and operators of hydro plants in the UK has been successful. We thank the GHR team for their contribution and wish them continued success.

“Ancala remains committed to pursuing opportunities in the UK and European mid-market infrastructure sector which provide inflation-linked, stable cash flows for our investors.”

Ian Cartwright, managing director at GHR, said: “We have enjoyed working with Ancala Partners over the past three years. Ancala saw the opportunity to grow GHR through targeted investment and operational improvement.

”The access to capital and operating expertise they have provided have allowed us to transform GHR into the UK’s leading independent owner and operator of hydropower plants.”

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • DS-2382

    Closing date: 2017-12-14.

  • QN-2383

    Asset class: Residential Property.
    Asset region: Ireland.
    Size: EUR 10m.
    Closing date: 2017-12-18.

  • QN-2384

    Asset class: Equities Switzerland (Large Caps).
    Asset region: Switzerland.
    Size: CHF 550 – 600 mn.
    Closing date: 2017-12-15.

  • QN-2385

    Asset class: Liability Driven Investment.
    Asset region: Europe.
    Size: Size: EUR 1 Billion, Liability size: EUR 3 Billion.
    Closing date: 2018-01-08.

  • QN-2386

    Asset class: Fixed income.
    Asset region: Global developed markets.
    Size: CHF 500 -1000m.
    Closing date: 2018-01-15.

  • DS-2392

    Closing date: 2017-12-21.

  • QN-2393

    Asset class: All/Large Cap Equities.
    Asset region: Europe.
    Size: EUR 200m.
    Closing date: 2017-12-21.

  • QN-2394

    Asset class: Real Estate Industrial.
    Asset region: Europe.
    Size: EUR 10m.
    Closing date: 2018-01-04.

Begin Your Search Now