Close iconClose icon DarkLight mode

Find us quickly

130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk    T +44 (0)20 7556 1200

Google map screengrab

Buzzacott advises Downing on its acquisition of a residential solar PV portfolio from Foresight for £26m

The Buzzacott Transaction Services and Tax Teams advised investment manager Downing LLP on its acquisition of a portfolio of c.4,200solar PV residential installations across England and Wales. The portfolio was acquired from Foresight for c.£26 million.

Seller: Foresight

Buyer: Downing LLP

Type of deal: Acquisition

Sector: Renewable energy and infrastructure

Value: £26m

Date: January 2024

Overview of deal

Buzzacott provided transaction advisory services including financial and tax due diligence and structuring advice. 

The renewable energy and infrastructure arm of Downing Estate Planning Service has acquired 100% of a residential solar PV portfolio from Foresight. The portfolio was particularly attractive as it benefits from 100% fixed revenues from feed-in-tariffs. It also demonstrates Downing’s commitment to responsible investing.

Downing’s internal infrastructure asset management team will be overseeing the operation and maintenance of the assets. They are confident this acquisition will yield long-term, positive impacts for both their investors and the environment.

The financial due diligence team was led by Alex Judd, supported by James Wood and Megan Leonard-Moran. The tax team was led by Tony Dillow, supported by Kazia Kruszewski, Nicholas Lee, and Kamlesh Chauhan from our specialist VAT team.

Downing’s Energy and Infrastructure team has made more than 180 investments and has c.£850 million of assets under management - consisting of solar, wind, hydro and battery storage technology.

“It was a pleasure to work with the Buzzacott team, who supported us with corporate finance and tax due diligence mandates on this transaction. The financial and tax teams worked seamlessly together to help us identify and mitigate key issue risks. Their efforts added a lot of value to our decision making” – Arthur Glowacki 

Receive our updates on future transactions

If you would like to receive notifications of our future deals or insights from our team on raising finance or selling a business, complete the form below to sign up to our mailing list. You can also leave us a question regarding our services in the text box, and one of our team members will be in touch.

Close iconClose icon backback
Your search for "..."
did not yield any results.
... results for "..."
Search Tags