Fladgate has advised Zouk Capital on the £30m investment into Green Hedge UK. The collaboration will facilitate the development, build and operation of nationwide battery energy storage projects. The projects will be rolled out over the next 12 months, and will primarily focus on the evolving ancillary service market. The transaction is the second Zouk transaction the Fladgate team has undertaken the past few months; recently completing the £12m investment into InstaVolt Limited.
Zouk Capital is a private equity and infrastructure fund manager investing in the sustainable economy.
Massimo Resta, Partner at Zouk Capital, said “It was a pleasure working on another exciting transaction with Fladgate who worked tirelessly under pressure. The efficiency of the team enabled us to complete on a short timetable”.
The Fladgate team was led by corporate partner Graham Spitz, assisted by senior corporate associates Jamie Hamilton and Zehra Kofturcu, tax partner Neal Todd and tax associate Gemma Grunewald, banking and finance partner Seetal Modi, employment senior associate Mike Tremeer, real estate partner Gavin Whitney and real estate associate Aditi Sawjani.