Squire Patton Boggs has advised Vital Energi, a leading provider of energy infrastructure solutions, on a £175 million fundraising through a Nordic Bond issue and the acquisition of the Port Clarence biomass facility in Teesside, marking a significant milestone in the company’s strategic asset ownership growth plans. The bond is one of the largest Sterling-denominated Nordic Bond raises in the UK energy infrastructure sector.
The multi-disciplinary Squire Patton Boggs team was led by Corporate partner James Fitzgibbon, and included Mariche Chambers, Matthew Ingram, Tom Cerdan and Caroline Morris (Financial Services), Darren Warburton, Louise Barber and Tom McClusky (Corporate), Patrick Ford and Alex Paterson (Tax Strategy and Benefits), Mark Barker, Rachel Koral and Holly Rowbottom (Real Estate), John Alderton and Vanessa Stuart (Restructuring and Insolvency), Ray O’Connor (Construction) and Kerry Lee (Intellectual Property and Technology).
Vital Energi specialises in heat networks, renewable generation, power distribution, and energy-from-waste facilities. The £175 million Nordic Bond was issued through the Oslo Børs (Oslo Stock Exchange) in August 2025, providing flexibility for future strategic investments and partnerships. The Port Clarence biomass facility was acquired from Nuveen Infrastructure / Glenmont Infrastructure and represents the next phase of Vital Energi’s evolution from energy solutions provider to significant asset owner.
Ashley Malin, managing director at Vital Energi, said: “Thanks to the team at Squire Patton Boggs for all of your support and going above and beyond on this fund raise and acquisition. We definitely couldn’t have done this without the support of the full team.”
James Fitzgibbon commented: “Having worked with Vital Energi over a number of years, we are proud to assist one of the industry leaders on a milestone project that furthers its strategy to develop and own critical renewable energy generating assets and support the UK’s transition to sustainable energy.
“This complex project involved specialist expertise from across the firm working together to structure and secure funding, manage the acquisition and development of the Port Clarence facility and assist with the company’s growth strategy. We look forward to continuing to support Vital Energi with its future plans.”