Pioneer Infrastructure Partners SCSp managed by Pioneer Point Partners LLP signed an agreement to acquire ESKEN RENEWABLES LIMITED from Esken Limited (LSE:ESKN) for £84.5 million on November 1, 2023. Consideration for the entire issued share capital of Esken Renewables of £77.6 million, plus the Intercompany Loan Reimbursement, expected to total £6.9 million, which represents an equity value of £84.5 million, to be satisfied in cash. This reflects an enterprise value of £107.7 million, with adjustments made for cash and debt-like items. As of the year ended February 28, 2023, ESKEN RENEWABLES LIMITED reported Revenue as £93.748 million, Total assets of £97.6 million, and EBIDTA £18.34 million. The transaction is subject to the approval of shareholders. The Disposal is expected to be complete in early December 2023. Canaccord Genuity Limited acted as financial advisor to Esken Limited. As of November 24, 2023, Shareholders of ESKEN approved this transaction. The Transaction expected to close will occur on or about December 1, 2023.

Pioneer Infrastructure Partners SCSp, managed by Pioneer Point Partners LLP completed the acquisition of ESKEN RENEWABLES LIMITED from Esken Limited (LSE:ESKN) on November 30, 2023. Following completion of the Disposal, Esken has also repaid the full monies borrowed under the Facilities Agreement and associated costs. Jason Radford and Nick Stalbow, Laura Ho, Mark Spinney, Jamie Chapman, Eleanor Reeves, Becky Clissmann, Ruth Buchanan, John Gordon, Sunny Kumar and Chris Bates from Ashurst LLP acted as legal advisors to Pioneer Point Partners LLP in the transaction.