Andrew Jackson advises Flush Energy on multi-million pound acquisition as it eyes biomass market growth

A spokesman said: “Flush Energy is now focused on returning the Lincolnshire-based plant to production and targeting further acquisition opportunities.”

Led by corporate partner, Philip Ashworth, a multi-disciplinary team at Andrew Jackson Solicitors LLP comprising Nicole Waldron (corporate), Samuel Peake (property), Nick Wilson (employment) and Fiona Phillips (tax), advised Flush Energy on the acquisition from joint administrators, Andy Pear and Milan Vuceljic of Moorfields Advisory.

Andrew Jackson also advised Flush Energy on the private equity investment and a debt finance package.

The insolvency and reorganisation team at international law firm Clyde & Co LLP, led by partner Andrew Foster and assisted by Tristan Cox-Chung (legal director), Andrew Robertson (senior associate) and Lily Pidge (associate), were instructed by the joint administrators on the acquisition.

Clyde & Co’s corporate team, led by partners Simon Gamblin and Rob Lowe, provided legal advice to the debt funders.

Grant Lodge, CEO of Flush Energy, said: “We are delighted to have concluded the acquisition of the Lincoln pellet plant and are making swift progress with getting it back into production and yielding income. We look forward to continuing to work with Philip Ashworth and his team at Andrew Jackson Solicitors, who we expect to be a key part of our team, helping us with our growth plans in the coming years.”

Mr Ashworth said: “We are absolutely delighted to have assisted the team at Flush Energy on its first acquisition. It has been a complex transaction involving various regulatory issues, raising private equity and debt funding. Flush Energy is now well placed to grow the business.”