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Travers Smith LLP has advised Aggregated Micro Power Holdings on the £63.1 million recommended cash offer by Fossa Holdco Limited

Overview

Travers Smith LLP has advised Aggregated Micro Power Holdings on the £63.1 million recommended cash offer by Fossa Holdco Limited, a company owned by Asterion Industrial Infra Fund I, FCR Aggregated Micro Power Holdings plc (AMP) was (prior to completion of the recommended cash offer) listed on the AIM market of the London Stock Exchange and is a distributed energy company which supplies biomass wood fuel, develops low carbon heat and power assets and invests in companies which support decarbonisation.

Travers Smith has advised AMP for a number of years, including on its listing on AIM in 2014.

Pursuant to the recommended cash offer Fossa Holdco acquired the entire issued and to be issued share capital of AMP by means of a scheme of arrangement which became effective on 17 January 2020. In addition, AMP sold its stake in IncubEx, Inc. a US incubator for exchange traded products, services and technology solutions, to a consortium of individuals simultaneous with the scheme becoming effective.

The Travers Smith team was led by Head of Corporate, Spencer Summerfield with support from Senior Associate Tom Coulter and Associate Jade MacDonald. Advice in relation to tax was provided by Tax Partner Madeline Gowlett and Associate Hugh Brooks.