Author: nuqcTGhhXk

Promotions

Evolution Infrastructure is delighted to announce a number of promotions within the team.

Vianney Devaux is promoted Senior Financial Analyst to Associate

Krisztina Herczegh is promoted from Associate to Associate Director

Moeen Patel is promoted from Associate to Associate Director

Nicolai Tan is promoted from Associate Director to Director

Daniel Tyerman, Managing Partner of Evolution Infrastructure: “Congratulations to Vianney, Krisztina, Moeen and Nicolai – they have contributed massively to the recent success of EvoInfra with their hard work and have an important part to play as we continue to grow.“

Transaction

Pinnacle Power (Hemiko) Acquisition

Post author By nuqcTGhhXk
Post date March 31, 2023
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EvoInfra acted as financial advisor to DIF Capital Partners on its investment in Pinnacle Power (now Hemiko), a significant transaction for the UK District Heating Sector, unlocking £1bn of capital investment for city-scale networks.

DIF’s investment will accelerate Pinnacle Power’s already impressive growth and fund the development and ownership of city-scale district heating networks across the UK. The transaction will see DIF owning a significant majority in the company, with the management team retaining a minority stake. This is following an agreement with Pinnacle Power’s previous shareholder, Pinnacle Group Limited. DIF’s investment will be executed through its DIF Infrastructure VII fund.

Pinnacle Power is a leading developer and turn-key contractor in the UK district heating market. Founded in 2012 and headquartered in London, the company has a successful track record, having delivered over 100 projects since its inception. Notably, it has developed and is the operator of the £87m Greenwich Peninsula network. With 87MW of heat capacity and servicing 15,700 residential units, this is one of the largest city scale networks in the country.

District heating networks are widely expected to play a crucial role in the UK’s journey to net zero. Today, heat-related activities are the biggest contributor to greenhouse gas emissions in the country, representing 37% of total emissions. District heating networks are a cost effective, low-carbon solution to traditional gas boilers in urban locations. As a result, the country’s district heating market is widely expected to undergo a sustained period of high growth, with substantial capital investment required to meet these net zero ambitions.

Daniel Tyerman, Managing Partner at EvoInfra, said: “This transaction represents an important milestone for the UK district heating market. This sector can be instrumental in the UK’s net-zero roadmap, and this partnership can go a long way to deliver city-scale heat networks, and attract the further investment required. Congratulations to the DIF and Pinnacle Power teams, and a massive well done to our deal team”

Recruitment

Evolution Infrastructure expands analyst team

Post author By nuqcTGhhXk
Post date February 10, 2023
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We are delighted to announce that we have expanded our financial modelling team with two new additions, Stella Njiki and Lucio Lau.

Stella, who has a background in energy engineering, is joining us a financial analyst after starting her career as a power engineer in France. Stella also graduated with an MSc in Infrastructure Investment and Finance from University College London.

Lucio, also joining as a financial analyst, recently graduated from the University of Warwick with an MSc in Mathematical Finance. He also holds a BSc in Mathematics from the University of Leeds.

Hamish Tulloch, Partner at Evolution Infrastructure: “It is great to be continuing the growth of our team with the additions of Stella and Lucio, as our project pipeline continues to grow there will be ample opportunity for both to really excel in their roles and kickstart their careers.“

Our financial analyst programme offers a great platform for those looking to start their career in infrastructure finance and financial modelling – offering structured training, early exposure to real life projects and a collegiate and supportive environment. Find out more on our careers page.

Announcement

Evolution Infrastructure acquires DWPF

Post author By nuqcTGhhXk
Post date October 28, 2022
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On 28 October 2022 the business and assets of DWPF Services Limited (“DWPF”) were acquired by Evolution Infrastructure Limited (“EvoInfra”).

EvoInfra is a new company set up by the senior management team of DWPF; Daniel Tyerman, Hamish Tulloch and Simon Johnson. All employees of DWPF have transferred to EvoInfra except for David Wylde, DWPF’s Managing Director and sole shareholder. After a long and distinguished career in the UK PPP, and wider finance industry, David is retiring from the business.

The change of identity follows a continued ambition to grow the business and our activities in renewable energy, energy transition and sustainability, and digital infrastructure sectors. In terms of our team and services, there is full continuity and we continue to provide financial advisory, financial modelling, model audit, and training.

Daniel Tyerman, Managing Partner of Evolution Infrastructure: “EvoInfra’s acquisition of the business and assets of DWPF means clients continue to benefit from the high quality of work performed by the team in the infrastructure and project finance sectors.

I am hugely excited to be taking the business forward with Hamish and Simon, and the wider team, and am confident that with the changes already made, the current pipeline of work, and the ideas we have for the future, that we’ll create a thriving business that goes from strength to strength.”