British PE Firm Pulls In $57M For Wind Farm

Law360, New York (May 16, 2012, 6:13 PM EDT) -- London private equity firm HgCapital has landed £36 million ($57.4 million) in construction and term loans from the Royal Bank of Scotland Group PLC to finance a 20.5-megawatt wind power project in northern England, according to an announcement Wednesday.

HgCapital is providing 100 percent of the equity to design and build the Wandylaw project in Northumberland, England, according to a statement the firm issued Wednesday.

HgCapital did not disclose how much equity it has contributed to the project, or the overall project cost. The company did...
To view the full article, register now.