Services Services

Focused identification of optimal counterparties and execution for acquisitions, disposals, capital and debt raising

Sectors Sectors

Renewable Energy and Infrastructure

Markets Markets

The UK, Europe and Rest of the World

Clients Clients

Asset Managers, Corporates, HNW, Institutional Investors and Project Developers

About Us

Lennox Partners LLP is an independent corporate finance firm based in the UK with global reach, focused on renewables.

We are uniquely placed to advise on financing and sourcing institutional quality investment opportunities through our network of relationships. We adopt a hands-on approach to transactions and by drawing on four decades of experience we provide our clients with objective advice of the highest standard.

Why Work With Us?

Dedicated Senior Resources

Clients always receive the attention of our senior team who lead all our work and are committed to delivering to the highest standards.

Transactional Expertise

With four decades of experience as advisers and principals, we have completed over 50 transactions with a capital value exceeding £10 billion.

No Conflicts of Interest

Entirely owned and managed by the Partners, we are dedicated to advisory work with no trading, research or lending activities.

Deep Market Knowledge

Our focus is on certain core markets which allows us to develop a specialist knowledge.

Our Clients Come First

We invest the time to develop a deep understanding of our clients' business and form excellent working relationships.

Our People

Julian Hantrais

Julian Hantrais

julian.hantrais@lennoxpartners.com

Julian Hantrais has over 25 years’ structured and leveraged financing experience, originating, evaluating, structuring and closing major transactions. He is a founding partner of Lennox Partners.

Prior to founding Lennox Partners, Julian was with GE Capital in London for 10 years in a number of roles in Structure and Leveraged Finance principally investing off GE’s balance sheet in infrastructure, Private Equity and leverage loans. Transactions include investing in Eurotunnel distressed debt, committing capital to 3i, Terra Firma & Star Capital Private Equity funds and originating and participating in over 50 leverage loan transactions.

Prior to GE Capital Julian was at CIBC and Hambros Banks with a focus on arranging and investing in US cross-border tax based leasing transactions in the Infrastructure and Telecommunications sectors. In particular Julian was part of the team that created the Qualifying Technological Equipment (“QTE”) lease product and successfully originated and closed transactions for Irish Telecom, Belgacom, Sonera and France Telecom. Julian started his career as a graduate trainee with Price Waterhouse Managements Consultants.

James Sibony

James Sibony

james.sibony@lennoxpartners.com

James Sibony has 25 years of experience in financial services as a CEO, principal investor, asset manager and investment banker at Esparity Solar, Lennox Partners, UBS, Ernst & Young and the Challenger Financial Services Group.

James is a founding shareholder and Chief Executive of Esparity Solar in 2017 which has 600MW of solar projects under development and a pipeline of 2.5GW in Spain expected to reach COD between 2022 and 2026. He is also a founding shareholder of and financial adviser to Australian solar developer ESCO Pacific. ESCO has developed 700MW to COD and was exited to Shell in 2019.

James co-founded Lennox in 2009 and prior to Lennox was a Director of Challenger, investing over A$ 1.5 billion of equity in the UK and European infrastructure markets including significant interests in Southern Water, LBC, Inexus and Welcome Break.

Prior to Challenger, James worked for Ernst & Young in the Energy and Utilities Corporate Finance Team and started his finance career with UBS in the Equity Capital Markets Group.

Transactions

Renewables more less

RML / Clydesdale Bank

Senior Debt Financing of a 14MW portfolio of wood chip biomass plants providing heat to poultry farms

Susan River & Childers Solar Farms

Exclusive adviser to ESCO Pacific on the all equity funding of 2 Australian solar farms by Elliott Advisers (98MW & 75MW)

Esparity Solar

Establishment of a grid parity solar project development company in Spain and fund raising from a club of HNW investors. 600MW of solar projects under development and a pipeline of 2.5GW in Spain expected to reach COD between 2022 and 2026

Power Capital & Capital Stage AG

Introduced and advised the parties on establishment of a partnership (joined by the Ireland Strategic Investment Fund) for an Irish solar development portfolio, consisting of more than 20 parks (140MW)

Ross River Solar Farm

Exclusive adviser to ESCO Pacific on the equity funding of Australia’s largest solar farm (142MW, A$225m)

Guillena Solar Farm

Exclusive adviser to Ansasol on the sale of a 120MW RTB unsubsidised solar project in Spain

Oxford Capital

Establishment of funding platform for the roll out of UK Commercial & Industrial roof top solar installations

ESCO Pacific

Exclusive adviser to Australian developer in raising seed capital for the development of a 1GW portfolio of projects. ESCO has developed 700MW to COD and was exited to Shell in 2019

Econergy / Equitix / Zouk

Jointly advised the consortium on the acquisition of a portfolio of PV projects from Zouk (16MW)

Hindustan Power (Moser)

Sold 5MW UK operational PV solar farm to a leading European institutional renewables investor

Various UK PV Project Right sales

Intermediary / broker on a number of 5MW shovel ready projects (including 5MW Private wire PPA project)

Next Energy / Greenvolt

Adviser on the sale of 3 UK PV turn key EPC farms (45MW) to Next Energy Capital

Temporis – UK Solar

Exclusive retained mandate for the sale of the 10MW Epwell fully consented UK Solar PV farm project rights company to Vogt

ESCO Ltd – UK Solar

Exclusive retained mandate for sale of 4 fully consented UK solar farm projects total (32MW) sold as separate projects to Sun Edison, Gamma Solutions, & GAM

Basalt Infrastructure

Identifying acquisition opportunities. Introduced Belectric (a leading EPC contractor) and advised on the purchase of a portfolio of two UK operating plants (10MW), together with 2 follow-on transactions for and additional 20MW

John Laing / Moser Baer Clean Energy – UK Solar PV

Sole financial adviser for the all-equity financing of 15MW across three projects.

First Reserve / 9REN – Italian Solar PV

Advised on the sale process of 11MW operating assets

Ecovision – UK Solar PV

Raised development equity from a high net worth investor

United Green – Italian Solar PV

Advised on two sale processes for 17MW of operating plant

MetLife & John Laing consortium – UK Wind

Formed the consortium and advised the parties on a fully due diligenced offer for a 70MW operating portfolio

Utilities & Infrastructure more less

European Infrastructure Fund

Advising on an investment in the UK Motorway Services sector

Inexus

Principal investor in the acquisition (£485m)

Welcome Break Group

Led a consortium of investors in the acquisition. Retained as adviser to Board (£500m)

LBC Chemicals Storage

Principal investor in acquisition (£600m)

Challenger Infrastructure Fund

Sale of a substantial stake to a financial investor (£125m)

Wessex Water

Principal in bidding consortium

International Water Limited

Principal in bidding consortium

RWE

Advised on its acquisition of Austrian utility Kelag (€300m)

Nomura

Advised on its public offer for Hyder water and electricity company (£2.3bn)

E.on

Advised on its acquisition of LG&E Energy Corp ($3.2bn)

GDF Suez

Advised on the buy-out of the minority shareholders in Tractebel

GDF Suez

Advised on the restructuring of its holdings in Elyo

GE

Performed due diligence on several international airports acquisitions (Rome, Brussels, Newcastle, Luton, Hainan)

Eurotunnel

Principal in secondary market purchase of debt

Energy more less

Damhead Creek Power Station

Advised a syndicate of 29 lending banks on the financial restructuring and sale to Scottish Power (£320m)

TXU Europe

Advised on the administration and sale of assets (UK power stations, German municipal utilities) and closing out the UK trading book

National Grid Transco

Advised a management buy-in team on the proposed acquisition of a gas distribution network

Enron Teeside Operations Limited

Advised a Private Equity investor on the proposed acquisition of from a group of Enron stakeholders and creditors

Areva

Advised on its proposed acquisition of Enron Wind

Private Equity & Other more less

Leverage Loan Participations

Closed over 50 Senior Debt and Mezzanine transactions

Leverage Loan Mandated Lead Arranger

Transactions for Boosey & Hawkes, Volution, Chorion and SRTechnics

3i – Private Equity Fund commitment £25m

Responsible for managing key relationships to secure senior debt pull through

Terra Firma (II & III) – Private Equity Fund commitment £50m & £25m

Responsible for managing key relationships to secure senior debt pull through

Star Capital – Private Equity Fund commitment £10m

Responsible for managing key relationships

Irish Telecom, Belgacom, France Telecom, Austria Telecom and Sonera – US Qualified Technological Equipment (QTE)

Developed product and arranged and led equity investments in transactions for over $500m

SCA

Arranged US tax based sales & leaseback for SCA (£500m)

Transamerica & Morteo

Arranged Italian export credit transactions for containers ($100m)

Services

We offer a range of Corporate Finance services in our core sectors and geographies.

Principles

Clients can expect to receive the highest standards of service:

Objective, independent, and educated advice

Hands-on services with a partner dedicated to managing a transaction from inception to financial close, and beyond

Confidentiality and discretion

Market leading skills and experience in originating, arranging and structuring transactions

Access to our deep network of industry and financial relationships developed over several decades

Scope of Services

Mergers & Acquisitions

Disposals - sell-side auction and process management

Buy-side bid management

Debt raising and refinancing

Consultancy on funding options

Project management of complex financing transactions