Connection Capital...investing wind power

RSM has undertaken financial and tax due diligence and provided structuring advice to Connection Capital in respect of their investment in Earthmill Limited.

The client

Earthmill is one of the UK's largest installers of wind turbines, providing all necessary services from planning through to installation and annual maintenance. The business has grown to employ 26 staff at its base in Wetherby, Yorkshire, and focuses on small scale turbines for the farming sector. The investment from Connection Capital will enable the firm to accelerate its expansion and provide additional finance for Earthmill's growing fleet of wind turbines.

What RSM did

RSM initially provided structuring advice from both a commercial and tax perspective, both in respect of the transaction itself and on-going operations. The team also undertook financial and tax due diligence.

Testimonial

'The RSM team were integral to getting this transaction across the line. They made a significant contribution, both in terms of high quality financial due diligence work that enhanced our understanding of the business and some very complicated tax structuring for both NewCo and management, without which the deal could not have completed. Their responsive and commercial approach was welcomed by all parties in the transaction.'

Miles Otway, Investment Director of Connection Capital

Transaction team

Rebecca Guerin, Partner, T: +44 (0)7932 668919

James Killing, Director, T: +44 (0)7813 845885

Steve Jacob, Tax Partner, T: +44 (0)7972 004 060