Gore Street Capital has raised £60 million ($80 million) in gross proceeds through an oversubscribed equity placing, subscription and intermediaries offer, according to StockMarketWire.
Gore Street said it has undertaken a scaling back exercise due to the significant level of demand that exceeded the target proceeds of £60 million ($80 million).
The company will use the net proceeds of the issue to acquire new projects in the company's pipeline and to fund capital expenditure requirements of investments in Gore Street's existing portfolio.
Gore Street capitalizes on opportunities to invest in robust businesses and assets that are contributing toward the transition to a low-carbon sustainable economy, according to the firm’s website. It has a focus on businesses or projects that are well positioned for growth in strategic locations with high barriers to entry and sustainable low operating cost structures. Gore Street also focuses on projects with lim
