Aaron & Partners acts for Chester property company on acquisition
15th May, 2015
Aaron & Partners has acted for Chester property investment and development company William Fishwick & Son on its acquisition of Renfin Limited’s share holding in North Wales Hydro Power Limited, which was finalised last month.
Stuart Haynes, Corporate Partner at Aaron & Partners, acted for William Fishwick & Son in relation to the transaction, which overall sees William Fishwick & Son acquire a fifty per cent holding in the hydroelectric specialist company.
Stuart said: “It is rewarding to have been involved in a deal which encourages positive growth in the hydro industry in Wales and employed the firms expertise in the renewables industry alongside its corporate commercial team, particularly on behalf of a fellow Cheshire-based firm. This is an excellent outcome for both parties.”
Since becoming an incorporated company in 1956, William Fishwick & Son has altered significantly from its roots as a farming enterprise to hold an extensive national portfolio encompassing industrial, office, retail, residential and leisure commercial properties.
William Fishwick & Son director Simon Edwards said: “Stuart acted in a highly professional and knowledgeable manner at all times, serving our interests at all stages of the acquisition and enabling us to reach a very swift conclusion.”
Simon has been appointed as a Director of North Wales Hydro Power alongside the incumbent Richard Rees.
North Wales Hydro Power director Richard Rees added: “The acquisition provides North Wales Hydro Power with additional capital to support the continued construction of its portfolio of hydroelectric schemes in Wales. We’re very pleased with the result.”
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