SDCL EE Co (UK) GP Limited is divesting SDCL Energy Efficiency Income Trust PLC (SEEIT)


Eversheds Sutherland has advised SDCL EE Co (UK) GP Limited (SDCL) on its sale to SDCL Energy Efficiency Income Trust PLC (SEEIT) of a seed portfolio of nine energy efficiency projects and three investment opportunities for an aggregate sum of £57.16 million.

SEEIT acquired the seed portfolio in connection with its £100 million IPO and admission to listing on the premium category of the UK Listing Authority’s Official List and the premium segment of the London Stock Exchange’s main market.

SEEIT is a newly formed UK investment trust which will be the first UK-listed fund to focus exclusively on the energy efficiency sector.

A team from the Eversheds Sutherland energy and infrastructure group led by partner Jason Lovell (picture) advised on the sale of the seed portfolio, which comprises of energy efficiency projects that provide exposure to LED lighting, biomass units, CHP units and other energy efficiency equipment, across a broad range of sectors, including industrial, healthcare, banking and housing.

Involved fees earner: Jason Lovell – Eversheds Sutherland;

Law Firms: Eversheds Sutherland;

Clients: SDCL EE Co (UK) GP Limited;