Transaction: Acquisitions
Date: August 2016
Deal value: GBP 160 million
Process: Structured auction
Industry: Energy and Utilities

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FIH Partners advised Burmeister & Wain Scandinavian Contractor A/S (BWSC) and Copenhagen Infrastructure Partners (CIP) on acquiring 100% of the biomass-fired combined heat and power plant project Kent in the UK. The Kent biomass power plant will have a capacity of 27.8 MW and will be fired primarily with virgin wood sourced locally in the UK. The power plant is expected to be in operation during the summer of 2018.

The power plant will be constructed by BWSC who furthermore will be responsible for operation and maintenance of the plant under an O&M contract for up to 20 years. The entire biomass required will be sourced under a long-term contract with Euroforest, one of the largest virgin wood suppliers in the UK.

The total investment in Kent amounts to approximately GBP 160m of which CIP, via Copenhagen Infrastructure II K/S, will invest around 80% and BWSC around 20%.

FIH Partners acted as exclusive financial advisor to BWSC and CIP in the acquisition of the project.