Terra Firma Unloads Natural Gas Co. To Hastings, RBS Fund

Law360, New York (August 2, 2013, 2:27 PM EDT) -- Terra Firma Capital Partners Ltd. has sold Northern Ireland-based Phoenix Natural Gas Ltd. to Hastings Fund Management and The Royal Bank of Scotland Group Pension Fund, the London-based private equity firm said Friday.

The private equity giant run by English financier Guy Hands said it had sold all of Carmel Capital II Sarl, including its Phoenix subsidiary, to Hastings' Utilities Trust of Australia and the RBS pension fund, for which Hastings runs an unlisted infrastructure mandate.

Hastings CEO Andrew Day, said there is a compelling outlook...
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