Opus advises PiP on its sale to Foresight
Category: Deal Announcement
Opus is delighted to have advised Pensions Infrastructure Platform (‘PiP’) on its agreed sale to Foresight Group (‘Foresight’).
PiP is a UK infrastructure asset manager with a NAV of over £700m and a portfolio of 17 assets across the Renewable Energy, Social and Transport sectors. It is backed by UK pension schemes including British Airways, Pension Protection Fund, Railpen and local government pension schemes Strathclyde and West Midlands. The transaction, which is expected to complete in approximately one month, will provide greater resources for PiP and wider infrastructure exposure for Foresight.
John McElroy, Stuart Schofield, Malcolm Strang and Joanna Chen advised on the transaction, combining Opus’ strong track record in the Sustainability sector with its broad financial services experience.