Unity Power plc successfully restarted a significant coal mine in Wales, UK, strategically located with access to rail links to supply high quality thermal and metallurgical coal
About the transaction:
Akur delivered a £20m convertible loan facility to Unity after an extensive period of marketing, the funding party was a large integrated global commodities group
A Fortune 500 US company, The Shaw Group provided engineering, construction, maintenance, technology, fabrication, remediation and support services for energy, chemicals, environmental, and infrastructure sectors.
About the transaction:
The Shaw Group owned 50% of a fund management venture – Energy and Climate Advisers (E&CA) that advised a UK listed clean energy company (Leaf Clean Energy Company), Akur advised The Shaw Group in its exit of this holding.
Leaf Clean Energy Company is a renewable energy and sustainable technology investment company, which has raised and deployed c.£200m.