Flush Energy Limited has strategically chosen Lincolnshire as its first acquisition destination, aiming to capitalize on growth opportunities within the biomass sector. The startup has successfully secured a substantial funding package, comprising private equity investment and debt finance, to support its expansion plans. This financial boost follows the acquisition of the business and assets of 3F Pellets Limited (in administration), a notable manufacturer and supplier of biomass heating pellets.
With the Lincolnshire-based plant now under its control, Flush Energy is fully committed to resuming production and actively exploring further acquisition prospects. Guiding the acquisition process was a proficient, cross-disciplinary team at Andrew Jackson Solicitors LLP, led by corporate partner Philip Ashworth. This distinguished team included Nicole Waldron in the corporate department, Samuel Peake in property matters, Nick Wilson in employment affairs, and Fiona Phillips managing tax-related considerations. Their expertise proved invaluable in facilitating the acquisition from joint administrators Andy Pear and Milan Vuceljic of Moorfields Advisory.
Andrew Jackson Solicitors LLP also played an instrumental role in assisting Flush Energy in securing the private equity investment and debt finance package. Collaborating with the insolvency and reorganization team at global law firm Clyde & Co LLP, led by partner Andrew Foster, were legal director Tristan Cox-Chung, senior associate Andrew Robertson, and associate Lily Pidge. This team provided crucial guidance and support to the joint administrators throughout the acquisition process.
Legal advice pertaining to the debt funders was provided by Clyde & Co’s corporate team, spearheaded by partners Simon Gamblin and Rob Lowe. Their extensive expertise proved to be of great value to Flush Energy.
Grant Lodge, the CEO of Flush Energy, expressed his satisfaction with the successful acquisition of the Lincoln pellet plant. The company is making swift progress in bringing the facility back to life and generating revenue through the Renewable Heat Incentive (RHI) program. Lodge expressed his confidence in the team at Andrew Jackson Solicitors, commending their indispensability in supporting Flush Energy’s growth plans for the years to come.
Philip Ashworth, corporate partner at Andrew Jackson Solicitors LLP, shared his delight in assisting Flush Energy with its first acquisition. Acknowledging the complexity of the transaction, which involved numerous regulatory issues and raising funds through private equity and debt financing, Ashworth praised Flush Energy for its strategic decision-making and commended the company’s strong customer base and favorable location in driving future growth in the biomass sector.
Flush Energy Limited has made a significant move in its journey towards establishing a prominent presence within the biomass sector. Assisted by a talented team of legal professionals, the company is now perfectly positioned to expand its business operations and capitalize on the promising opportunities that lie ahead.
