Gowling WLG advises Berenberg on £210 million Harmony Energy Income Trust IPO

The investment funds team at Gowling WLG has advised investment bank Berenberg as global coordinator and bookrunner on Harmony Energy Income Trust's £210 million IPO on the Specialist Fund Segment of the London Stock Exchange and the acquisition of five battery projects with a 213.5MW capacity.

The IPO proceeds will be used to develop large-scale battery energy storage projects across the UK. The systems will be powered by Tesla technology.

The investment funds team from Gowling WLG that advised Berenberg included partner Kristian Rogers, principal associate Laura Dobie and trainee solicitor Olivia Gissel with support from partners Helen Emmerson and Gareth Baker on the acquisition of the initial battery projects.

Commenting, Kristian Rogers said: "It has been a pleasure to advise Berenberg on the launch and significant fundraise for Harmony Energy Income Trust. We look forward to seeing the company supporting the UK in achieving its net zero carbon emissions target."

Gowling WLG's industry-leading UK corporate team has extensive experience across the full spectrum of corporate advice, including both public and private mergers and acquisitions, equity capital markets on AIM and the Full List, investment funds and private equity.