I P F A advised J.P. Morgan Cazenove as joint bookrunners on the £36.1 million placing by Foresight Solar Fund Limited (FSFL), a closed-end investment company which invests in operating ground based UK solar power assets.

FSFL is part of the London-based asset management company Foresight Group, issued 36,132,418 new ordinary shares at a price of 103 pence per share, raising gross proceeds of £36.1 million.

The proceeds will be used to repay the existing acquisition facility and to take advantage of additional investment opportunities identified in the UK market.

The I P F A team was led by Corporate Partner Gordon BATMAN, managed by Senior Business Partner Yiorgos ANDRIANOPOULOS and followed Commercial Banking Expert Aniza DELIALIZI.