Gore Street Energy Storage Fund plc acquires 81MW operating storage portfolio for £28.2m

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryNatural resources & Energy
BDO.LiveSite.Deals.SubIndustryNatural resources & Renewables & power

Our client, Gore Street, is London's first listed energy storage fund, supporting the transition to low carbon power. The acquisition has resulted in the company's operating portfolio increasing by almost four-fold from 29MW to 110MW, with total storage assets increasing to 320MW.

BDO provided buy-side M&A advice, financial and tax due diligence and tax structuring as part of a fully integrated buy-side offering that helped our client successfully complete the transaction.

“BDO were a pleasure to work with and supported Gore Street’s deal team throughout what proved to be a complex transaction. This was a full-scope buy-side support role and they were instrumental in helping us get the deal across the line and ensuring a successful outcome.”

John-Michael Cheshire, Principal, Gore Street Capital