Ancala-backed Portsmouth Water set to “re-wild” 80 hectares as part of Havant Thicket Reservoir project

The water company has entered into an agreement with the Pig Shed Trust, a charitable trust with an excellent track record of environmental improvements, to turn agricultural areas of South Holt Farm into a sanctuary for wildlife. The land is...

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Ancala announces £551m Growth Fund to increase support for portfolio companies focused on the energy transition

The new fund (Ancala Essential Growth Infrastructure Fund) was oversubscribed and will support Portsmouth Water, Biogen and Leep Utilities only. It contains commitments from a diverse range of institutional investors from Europe, North America and Asia. Portsmouth Water is an...

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Ancala announces new Partners alongside promotions across its investment team

Tim Power and Ankur Ajmera have been promoted to Partner. Tim joined Ancala in 2015, while Ankur joined shortly afterwards in 2016. Both Tim and Ankur have played a pivotal role in identifying and completing successful investments, developing and enhancing...

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Ancala portfolio company, Portsmouth Water, achieves key milestones towards development of first major reservoir in the UK since 1980s

The reservoir will be the first major new water storage reservoir in the UK since the 1980s, and has been enabled by an innovative financial, regulatory, and commercial partnership between Portsmouth Water and key project stakeholders. This includes agreeing a...

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Ancala invests further capital into Portsmouth Water

The financing package features a margin-based incentive linked to Portsmouth Water’s performance against environmental and social targets such as water leakage, supply interruptions, carbon reduction, biodiversity and affordability, actively integrating ESG metrics into the company’s financing strategy. Havant Ticket Reservoir...

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Ancala acquires Portsmouth Water

Portsmouth Water is an independent provider of high quality public water supplies to a domestic population of over 700,000, and wholesale water supplies to a wide range of industrial and commercial customers. The company offers customers the lowest bills in...

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