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DORE targets £50m fundraise

Description

Downing Renewables & Infrastructure Trust is aiming to raise £50m through an issue of up to 45,669,495 new ordinary shares at 111p per share, and to establish a 12-month share issuance programme to issue up to 250m ordinary shares (less the number issued under this initial issue). Shareholders need to approve these plans.

The net proceeds from the initial issue are expected to be used to repay amounts drawn down under the company’s revolving credit facility (RCF), which currently amount to £17.3m, and to pursue the manager’s pipeline of investment opportunities. This includes c.£200m of near-term opportunities in hydropower, wind and solar assets in the UK, Sweden and Finland.

DORE managers Tom Williams, Tom Moore and Henrik Dahlstrom will discuss DORE’s performance to date, why now is the right time for a capital raise and the exciting pipeline of opportunities for DORE.

Date: Friday, 17th June Time: 09:00am.

Register here.

 

Speakers

Tom Williams - Partner and Head of Energy and Infrastructure

Tom joined Downing as Partner in the Energy & Infrastructure team in July 2018. He heads up the team and has 20 years' of experience as Principal and Adviser across the private equity and private debt infrastructure sectors.
Tom trained as a Solicitor before moving into private equity, where he has carried out successful transactions totalling in excess of £13 billion in the energy, utilities, transportation, accommodation and defence sectors.
‍Tom holds a Postgraduate Diploma in Legal Practice from the Royal College of Law and both a master’s and bachelor’s degree in law from Cambridge University.

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Tom Moore - Partner and Co-Head of Asset Management

Tom Moore joined Downing in May 2019 and is a Partner and Head of Asset Management.
Tom is building our asset management functionality to provide our investors with an efficient and class leading management service.
‍Prior to joining Downing, Tom was Director at Foresight Group, where he had oversight of a significant portfolio of renewable energy investments.

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Henrik Dahlström - Investment Director

Henrik joined Downing in August 2020 as Investment Director in the Energy & Infrastructure division, where he leads investments in the Nordic region, an area which he has specialised in for nearly two decades.
Prior to joining Downing, Henrik undertook a 17-year tenure at Macquarie as a Director with Macquarie Infrastructure and Real Assets (MIRA) and was made Head of Nordic Region in 2015. He was involved in all six of Macquarie’s diversified European infrastructure funds (Macquarie European Infrastructure Funds, MEIF).
Henrik holds a Master of Science and Major in Finance from Gothenburg School of Economic, Sweden being where he grew up.

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