Hammonds LLP advises new client on €30 million funding package to biomass development company

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    A team from Hammonds LLP has advised Rockfield Energy, a recently formed European energy investment firm, on its provision of a €30 million funding package to biomass development company, Imperative Energy.

    Rockfield Energy was established last year and is funded by London private equity firm Englefield Capital. The firm was formed through the combination of management teams at Eurengo, a UK-based renewable energy boutique that advised Englefield Capital on its investment in the Zephyr wind farm portfolio in the UK, and London investment firm Rockland Europe.

    Imperative Energy is a leading supplier of renewable energy solutions (heat, steam and electricity) generated from biomass. Based in Ireland it provides and manages biomass plants for healthcare, industrial and public sector clients. It recently supplied the largest biomass heating system within the public sector in the UK and Ireland at a hospital in County Down, Northern Ireland.

    The funding by Rockfield Energy will be used to finance the growth plans of Imperative Energy, enabling it to develop projects in the biomass sector.

    The Hammonds team advising Rockfield Energy was led by corporate partner Robert Bray, assisted by energy partner Adam Langridge and lawyers Lowri Jones, Mark Yeo and Faye Nicholls.

    Robert Bray commented: "We were involved in setting up Rockfield Energy last year through our ongoing relationship with Englefield Capital and this is the first deal that we have completed for the new firm. We have a particular expertise in the renewables sector and have advised many investors on acquiring and financing energy assets and projects in the UK and the rest of Europe, including Englefield Capital itself when it invested in the Project Zephyr wind farm portfolio."

    "We look forward to working with Rockfield Energy on other projects in the future."

    LK Shields provided Irish law advice to Rockfield Energy. BCM Hanby Wallace advised the shareholders of Imperative Energy.

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    For further information contact:

    Nicola Woodmass, Head of Communications, Hammonds LLP, on 0121 222 3690 or email:nicola.woodmass@hammonds.com

    In May 2008, international law firm Hammonds became a limited liability partnership. Hammonds LLP and its affiliated undertakings has offices in Birmingham, Leeds, London and Manchester in the UK, and in Berlin, Brussels, Beijing, Hong Kong, Madrid, Munich and Paris.

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