Ancala Partners LLP, a London, England-based infrastructure investment firm has acquired Green Highland Renewables (GHR), which is a Scottish energy company that is heavily involved in developing small-scale hydroelectric facilities.
Financial terms of the acquisition have not been released.
According to the company, “Ancala Partners was founded in 2010 to originate, execute and manage mid-market infrastructure investments on behalf of institutional investors seeking to deploy capital in the UK and Europe.”
Courtesy Green Highlands Renewables
“We manage our own operational portfolio of 4.2 MW with a further 21.9 MW in development,” GHR said.
The Press and Journal reported, “Ancala invests in mid-market, low risk, brownfield infrastructure assets, typically in the district heating, energy, telecommunications and transport sectors.”
An Ancala spokeswoman said the company was looking forward to “being part of GHR’s continued development and growth.”
GHR said Ancala’s acquisition provides additional capital to support the continued growth of its business.
“This is very positive news for Green Highland Renewables and the small-scale hydro sector in general,” said Richard Round, GHR chief executive officer.
Ancala takes over from previous shareholders including leading technology investor Scottish Equity Partners and the Scottish Investment Bank.