Slaughter and May advised Infinis on the disposal of its onshore wind generation and landfill gas generation businesses

Slaughter and May advised the Infinis group of companies, owned by funds managed by Terra Firma, in connection with the disposal of its entire operational and in-development onshore wind generation and landfill gas generation businesses in three separate transactions, as part of the exit of Terra Firma from the group.

The landfill gas generation business was sold on 8 December 2016 to a subsidiary of 3i Infrastructure plc (‘3i’). Under the terms of the agreement, 3i paid Infinis £185 million.

The operational onshore wind generation business was sold on 12 May 2017 to a subsidiary of JP Morgan Asset Management.

Slaughter and May also advised the Infinis group of companies on their financing arrangements prior to the sales and in connection with the prepayment of certain of their financing facilities with the sale proceeds from the landfill gas generation and operational onshore wind generation businesses.

The target businesses include 121 landfill gas sites and 20 operational onshore wind farms across the UK, with a combined generating capacity in excess of 710MW.