BDO provided integrated, sector led buy-side advice to Tiger Infrastructure Partners on its acquisition of Forsa Energy from Riverstone Holdings LLC.
Tiger Infrastructure Partners, a middle market private equity firm, acquired Forsa Energy's distributed flexible power generation platform ("Forsa Energy"). Forsa Energy develops, builds, owns and operates a portfolio of highly flexible gas-fired reciprocating engines in the UK to provide peaking power to support the UK's energy transition.
Forsa Energy's portfolio of assets, located in the North of England and Scotland, is called upon when intermittent renewable energy sources do not generate sufficient power during periods of high energy demand. The company's current portfolio is comprised of over 250 MW of capacity across operational, construction-ready and advanced development sites, all of which have secured 15-year Capacity Market contracts. Forsa Energy has also developed a pipeline of additional sites to grow the platform to over 650MW.
BDO provided financial and tax due diligence, tax structuring and SPA review support.