Infinis to lure investors with £55m payout

Michael Bow
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INFINIS Energy, the UK’s biggest independent wind power generator, yesterday unveiled plans to pay a healthy £55m maiden dividend to investors as part of its stock market flotation plans.

The business, which is owned by Guy Hands’ private equity firm Terra Firma, is floating a third of the business on the London market next month under plans announced yesterday.

A host of advisers will now test the waters with investors in the UK and US before setting a price for the float, with the dividend payout likely to attract income fund managers who invest in companies geared towards steady cash flows.

In keeping with the current trend for building more diverse shareholder registers, Infinis will also have a retail component for the general public to buy shares through broking intermediaries.

Terra Firma has owned the company outright for the past decade, which is much longer than a buyout traditional holding period of five to seven years.



Liberum Capital is acting as co-lead manager on the Infinis Energy offering. Leading the advisory team at Liberum are David Parsons, Tim Graham and Christopher Britton. Parsons is head of equity capital markets at Liberum, having joined in 2008. He was previously at Citigroup as managing director and head of UK equity sales for nearly 10 years. Tim Graham is a senior corporate financier at Liberum, having joined in 2011 from Matrix, the London based investment bank. Graham recently acted as lead adviser to Archipelago Resources on the £340m takeover by PT Rajawali Corpora and has extensive experience advising on flotations, takeovers, acquisitions and fundraisings, particularly for energy and natural resources companies.

Christopher Britton is a senior corporate financier at Liberum, having joined in 2010 from Jones Day, the global law firm. He has advised on a broad range of transactions across a variety of sectors, most notably the IPOs of Glencore and ENRC.