Mourant advises on £78.9m. takeover

Monday 11 June 2018

Mourant Ozannes' Guernsey corporate team has advised Raksha Energy Holdings Limited on its successful takeover of AIM-listed Guernsey company Mytrah Energy Limited in a transaction that valued Mytrah at £78.9m.

Mytrah is a large independent power producer in the renewable energy sector, which has been listed on the AIM market of the LSE since 2010.

The company has a portfolio of 1,743 MW of installed and under construction renewable power projects across nine Indian states, and one of the largest data banks in India.

Mourant LP Partner John Rochester led the team advising Raksha, assisted by Counsel Alex Davies and Associate Alana Nisbet. Raksha was also advised by Squire Patton Boggs LLP in London and Birmingham who managed the transition in conjunction with exclusive financial adviser, Craven Street Capital Limited. 

"Our unique global perspective helped us provide a seamless service on the various corporate and finance aspects of this complex acquisition, across several jurisdictions and significant time zones, and some is representative of our market leading position for international public markets deals," Mr Rochester said.