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  • Amberside 2:00 pm on September 19, 2018  

    AMBERSIDE ADVISES SEMPERIAN TO ACQUIRE A 50% STAKE IN A HOSPITAL PFI FROM BALFOUR BEATTY FOR £43M 

    19 September 2018

    Amberside provided financial advice to Semperian PPP Investment Partners who have acquired a 50% stake in a hospital PFI in Kirkcaldy Fife, from Balfour Beatty for £43m. InfraRed Infrastructure Yield Fund owns the other 50% in the Fife project. Balfour completed the £170m new hospital wing linked to the existing Victoria Hospital in 2011 through a public private partnership with a 30-year concession. Semperian will pay for the hospital in cash, which Balfour Beatty will use this year to pay down borrowings.

    Semperian were advised by Amberside (financial), Stephenson Harwood (legal), Imagile Professional Services (asset management) and DSSR (engineering).

     
  • Amberside 6:03 pm on July 9, 2018  

    AMBERSIDE SUPPORT JLEN IN c£36m ACQUISITION OF TWO ANAEROBIC DIGESTION (AD) ASSETS 

    09 July 2018

    JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
    (“JLEN” or the “Company”)Acquisition of two anaerobic digestion plants

    JLEN, the listed environmental infrastructure fund, is pleased to announce the acquisition of two anaerobic digestion (AD) assets, Egmere Energy Limited and Grange Farm Energy Limited, for a total consideration of c.£36 million.

    The Egmere Energy AD plant is located in Egmere, North Norfolk and was commissioned in November 2014. The plant has a thermal capacity of c.5MW and predominantly produces biomethane to be injected to the national gas grid. In addition, the plant also has a 0.5MW CHP engine and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT) schemes. The Grange Farm Energy AD plant is located in Spridlington, Lincolnshire and was commissioned in December 2014. The plant has a thermal capacity of c.5MW and predominantly produces biomethane to be injected to the national gas grid. In addition, the plant also has a 0.5MW CHP engine and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT) schemes. The AD plants have been acquired from venture capital funds managed by Downing LLP, EIS funds managed by Amersham Investment Management Ltd and minority shareholders. Future Biogas Limited will continue to provide management, operations and maintenance services to the AD plants after the acquisition.

    The acquisitions build on JLEN’s growing portfolio of AD projects and bring the total capacity of the renewable energy assets in the JLEN investment portfolio to 269.2MW.

    The acquisition was funded by a draw-down under the Company’s revolving credit facility.

    Richard Morse, the JLEN Chairman, said “We are pleased with JLEN’s continued investment in the anaerobic digestion sector and look forward to working with our partner, Future Biogas, to continue the strong performance of these assets.”

    For further details contact:

    John Laing Capital Management Limited                        020 7901 3559

    Chris Tanner

    Chris Holmes

     

    Winterflood Investment Trusts                                          020 3100 0000

    Joe Winkleyr

    Neil Langford

     

    Redleaf Polhill                                                                          020 7382 4769

    Charlie Geller

    Harriet Lynch

     

    About JLEN

    JLEN’s investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

    Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

    Further details of the Company can be found on its website jlen.com

     
  • Amberside 2:47 pm on June 22, 2018  

    AMBERSIDE DELIGHTED TO SUPPORT JLEN IN FURTHER INVESTMENT IN VULCAN ANAEROBIC DIGESTION (AD) PLANT. 

    22 June 2018

    JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
    (“JLEN” or the “Company”)

    Further Investment in
    Vulcan Renewables anaerobic digestion plant

    JLEN, the listed environmental infrastructure fund, is pleased to announce a further investment in the Vulcan Renewables anaerobic digestion (AD) plant. The investment consists of provision of funding of c.£8.5m to significantly expand the AD plant’s biomethane generating capacity.

    Vulcan Renewables Ltd was acquired by the Company in August 2017. The AD plant is located in Hatfield Woodhouse, 9 miles north east of Doncaster, South Yorkshire and was commissioned in October 2013. It has a current capacity of 5MWth and predominantly produces biomethane. In addition, the plant also has a 0.5MWe CHP engine and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT).

    The plant extension will be carried out by Future Biogas, JLEN’s business partner in the AD sector and current service provider at the Vulcan site. The works involve converting the existing storage tank to a primary digester, providing for separate digestate storage, installing an additional biomethane upgrading unit, together with associated engineering, electrical and civil works. The construction works are expected to complete in late 2019. Operations will continue throughout this period with no expectation of significant downtime.

    This further investment in the Vulcan Renewables AD plant will be funded by a draw-down under the Company’s revolving credit facility.

    Richard Morse, the JLEN Chairman, said “We are pleased with our initial investments in the anaerobic digestion sector, and this expansion project is a good opportunity to build out our capability at the Vulcan Renewables AD plant. It represents our first investment in a construction project, and we have taken care to understand and limit the risks involved, including through the choice of Future Biogas as our delivery partner. We are looking forward to a successful delivery and enhanced revenues once completed.”



    For further details contact:

    John Laing Capital Management Limited                             020 7901 3559

    Chris Tanner

    Chris Holmes

     

    Winterflood Investment Trusts                                               020 3100 0000

    Joe Winkleyr

    Neil Langford

     

    Redleaf Polhill                                                                               020 7382 4769

    Charlie Geller

    Harriet Lynch

     

    About JLEN

    JLEN’s investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

    Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

    Further details of the Company can be found on its website jlen.com

     
  • Amberside 5:40 pm on March 12, 2018  

    WE HAVE REBRANDED TO AMBERSIDE ADVISORS LTD 

    About Amberside Advisors Ltd:

    Amberside Advisors, previously known as Clubfinance Project Finance, is an independent consultancy providing financial advice to large scale energy, infrastructure and accommodation projects. Specialising in providing financial advisory services to investors and companies, Amberside Advisors supports major infrastructure projects ranging across wind, solar and biomass, road and rail, schools and hospitals, as well as advising on public service delivery contracts in sectors such as healthcare and justice. The company’s financial modelling helps make sense of projects with a variety of different structures, producing simple, transparent models that are easy to understand, which together with its commercial expertise helps get deals done.

    Amberside Advisors is part of the Amberside Group, made up of like-minded but complementary businesses which together are capable of delivering much wider mandates. As a group it can be much more agile than larger firms, providing a seamless service to clients in a thorough, precise and professional manner. Other members of the group include:

    • Amberside Energy, an energy sector renewables technical advisory practice providing development advisory, transaction diligence and asset management services.
    • Amberside Capital, an FCA-regulated fund management and corporate finance business with a reach across retail and institutional markets.
    • Amberside Accounting, an ICAEW-regulated accountancy practice providing high quality reporting on the performance of infrastructure and renewables assets.
     
  • Amberside 5:36 pm on March 12, 2018  

    WE HAVE APPOINTED FORMER CARILLION COMMERCIAL DIRECTOR RICHARD TURNER 

    London, UK, 12 March 2018 – Amberside Advisors Ltd, formerly Clubfinance Project Finance Ltd, has announced the appointment of Richard Turner as Head of Infrastructure. The company has also changed its name to align with other Amberside Group companies that serve the infrastructure and energy markets.

    Richard Turner was previously Commercial Director and Head of Project Finance at Carillion, and joins Amberside Advisors as part of the company’s fast growing advisory practice to the infrastructure and renewables sector. He has a strong industry track record, having financially closed more than 35 projects since 2002, raised £5bn of senior debt and secured in excess of £250m of equity. He led the financing and refinancing of a range of high profile projects and developed investment activities in overseas markets, working with domestic and international banks, export credit agencies and multilaterals (UKEF, OPIC, USExim, EDC, EBRD and EIB), and international investors.

    Paul Austin, Director, Amberside Advisors commented, “We are extremely pleased to have someone of Richard’s calibre join our management team as we continue to broaden our offer to a fully-fledged financial advisory consultancy firm for major projects. Over the last decade, we have built a solid reputation for high quality work with large infrastructure investors. Richard’s track record and international experience will help us to build upon this.”

    Richard Turner added, “I am delighted to have joined this well-regarded practice to help grow their greenfield and brownfield infrastructure advisory offering. I am impressed by the quality of personnel, their strength in fund level advice as well as their unparalleled experience in supporting over 800 operational renewables and infrastructure assets. I am looking forward to help grow the range of transactional services.”

    “With more than 30 professionals, Amberside Advisors has real strength in depth, enabling it to deliver high-value, client-focused advice. Its long-term commitment to the market supported by strong personal relationships and continuous focus on quality, means it can compete with the best in the market,” Richard Turner adds.

    With the announcement, the company also changed its name to Amberside Advisors, to properly reflect its financial consultancy and advisory services. Paul Austin says, “Over recent years, the Amberside Group has broadened its reach into other markets by taking equity stakes in businesses such as Amberside Energy, a technical advisory practice focussed on renewables and the wider energy markets. Harnessing this technical experience and in conjunction with Amberside Accounting, this has enabled the group to provide full-service asset management.”

    He adds, “Having made these investments, rebranding our financial advisory practice in line with the rest of the group was a logical step, enabling the delivery of wider reaching mandates.”

     
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CONTACT INFORMATION
Amberside Advisors Ltd
Directors:
Paul Austin FCA, Philip Rhoden FCA, Neil Rutledge FCA, David Scrivens FCA
Registered Office:
Clubfinance House, 64-66 Queensway, Hemel Hempstead, Hertfordshire, HP2 5HA
Registered in England. Registered Number: 06078852