In March 2017, DIF Infrastructure IV completed the acquisition of three UK streetlighting projects based in Newcastle & North Tyneside, Leeds and Stoke on Trent. The assets were acquired from SSE plc and the completions follow on from a Sale & Purchase Agreement which was signed in July 2016.
Whilst DIF is acquiring a 100% interest in all three projects, SSE will continue to act as the operator on each of the projects and RBS will also continue as senior lender on all three projects.
Operis acted as financial advisor to DIF on this transaction, with a separate Operis team providing model audit services to RBS.
