LONDON: Gresham House Energy Storage Fund plc (LSE: GRID), the UK’s largest fund investing in utility-scale battery energy storage systems (BESS), has completed the augmentation of its Enderby and West Didsbury projects, which are both now trading at their increased capacity. This increases GRID’s operational capacity to over 1GWh (1,030MWh), the first battery storage business…
All posts tagged Gresham House
Searchlight Capital Partners offers to acquire Gresham House for £469.8 million
LONDON, UK: Seed Bidco Limited, a newly incorporated entity formed by funds advised by Searchlight Capital Partners L.P. has made a final cash offer for the entire issued and to be issued share capital of Gresham House at the rate of 1,105 pence in cash per Gresham House share. The acquisition values the entire issued…
Gresham House sells entire 23.7% shareholding in Rockwood Realisation plc
LONDON, UK: Gresham House plc, the specialist alternative asset manager, announced the disposal of its entire 23.7% shareholding in Rockwood Realisation plc (RKW). Gresham House Asset Management had previously managed the fund, formerly known as Gresham House Strategic plc (GHS), for six years from 2015. A change of manager was announced in October 2021, and…
Gresham House acquires Ireland-based Burlington Real Estate
LONDON, UK: Gresham House (AIM: GHE) has acquired Burlington RE Property Management Limited (Burlington Real Estate), one of Ireland’s premier independent commercial property asset and development management companies, for an initial consideration of €1.8 million. Based in Dublin, Republic of Ireland, Burlington Real Estate was established in 2012 by John Bruder and Niall Kavanagh, who…
Gresham House completes acquisition of Mobeus VCT business
LONDON, UK: Gresham House, the specialist alternative asset manager, announces the completion of the acquisition of the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP, announced on 10 September 2021. Mobeus is a UK-based investment firm managing assets across two distinct client groups, one of which is the VCT business being acquired by…
Gresham buying venture capital business of Mobeus for £36.1mn
LONDON, UK: Gresham House announced its intention to acquire the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP for an initial consideration of £24.0 million, with further consideration of up to £12.1 million payable over a three-year period and subject to the achievement of certain criteria. The Company intends to raise gross proceeds…
Gresham House acquires large utility-scale battery storage project for£15.6 million
LONDON: Gresham House Energy Storage Fund, the UK’s largest operational utility-scale battery storage fund, has completed its acquisition of the c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. The Project was acquired for a total enterprise value of £15.6 million (plus up to £0.35 million of deferred contingent consideration) and is…
Gresham House buys large 30MW battery storage project
LONDON: Gresham House Energy Storage Fund, the UK’s largest operational utility-scale battery storage fund, has conditionally agreed to acquire a c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. The Project is part of the pipeline described in the Fund’s Prospectus published on 10 November 2020. Byers Brae is a battery-only site…
Gresham House acquires Ireland based Appian Asset Management Limited
LONDON: Gresham House announced the acquisition of Appian Asset Management Ltd for an initial consideration of €4.55 million, with €3.6 million payable on completion (€2.7 million in cash from existing resources of the Group and €0.9 million in new shares issued by the Company) and including €0.95 million for cash within the business. Further variable…
Gresham House sells 50MW grid level battery storage project for £32.5 million
LONDON: Gresham House has sold a further battery storage project to Gresham House Energy Storage Fund plc on 30 October 2020. The c.50MW battery-only project located near Thurcroft, to the east of Rotherham was sold for a total enterprise value of approximately £32.5 million (plus up to £0.75 million of deferred contingent consideration) and is…
Gresham House acquires 5MW grid level battery storage project
LONDON: Gresham House Energy Storage Fund has completed its investment in a symmetrical 5MW battery-only project based in Wolverhampton for a total enterprise value of approximately £3.5 million. The project is one of the exclusivity portfolio projects identified by the Company in its initial public offering (IPO) prospectus published in October 2018. The project was…