Ashurst advises Low Carbon on circa £1.1 billion investment and refinancing led by CVC DIF

Ashurst advised Low Carbon Limited in connection with the circa £1.1 billion equity and debt raise securing investment from CVC DIF and follow‑on funding from existing shareholder MassMutual. The transaction will support Low Carbon’s development, construction and operation of renewable energy assets across Europe. The investment is intended to enable a significant increase in installed capacity and to drive the next stage of growth for Low Carbon as a diversified, next‑generation independent power producer, contributing to the UK and Europe’s energy transition. The new investment from CVC DIF, combined with follow‑on investment from MassMutual, the refinancing of existing project finance debt and the raising of a Holdco facility, will secure circa £1.1 billion of committed capital for Low Carbon. Ashurst represented Low Carbon Limited with a team composed by: partners Gaby Jones, Antony Skinner and Lindsey Bouchara; senior associates Luiza Wojciszke, Sam Newman and Anthony Gray; associates Aoife Fenlon, Ciaran Rutherfurd, Divya Deivanayagam, Sha Lin Koh and Harry Crabtree; trainees Sophie Hensher, Megan Irvine Mordaunt, George Simmons and Freddie Freeman; and solicitor‑apprentice Zara Overton. Employment advice was led by partner Ruth Buchanan. Senior associate Alec Peschlow and associate Nicholas Anning led on global markets. Partner Steven Vaz led on competition matters alongside senior associate Danica Barley.

Ashurst advises Low Carbon on circa £1.1 billion investment and refinancing led by CVC DIF

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