Apr 2023

Opus advises Pinnacle Power on its sale to DIF Capital Partners

Category: Deal Announcement

Opus is pleased to have advised the shareholders of Pinnacle Power Limited on its sale to independent infrastructure fund manager DIF Capital Partners.

Pinnacle Power is a leading developer and turnkey contractor in the UK district heating market, and has delivered over 100 projects since its inception in 2012. District heating networks link industrial and commercial heat sources with nearby customers, providing a cost-effective, low-carbon alternative to traditional gas boilers in urban locations.

The acquisition by DIF will accelerate and fund Pinnacle Power’s development and ownership of district heating networks across the UK.

This is a landmark deal in the UK district heating sector and a further example of the strength of Opus’ Energy Transition & Climate Change practice.

For further information please contact: Stuart Schofield, John McElroy, Joe Roberts and Dilesh Patel.