Aggregated Micro Power Holdings has reached an agreement with Drax Smart Supply Hold to acquire Billington Bioenergy for £2m ($2.63m).

Billington Bioenergy is a biomass heating company engaged in supplying wood pellets for domestic and commercial applications in the UK.

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Aggregated Micro Power Holdings has engaged finnCap as its financial advisor for the transaction.

Global Infrastructure Partners III has agreed to acquire Equis Energy from Equis for $5bn in cash including assumed liabilities of $1.3bn.

“Aggregated Micro Power Holdings has reached an agreement with Drax Smart Supply Hold to acquire Billington Bioenergy.”

The agreement also involved Public Sector Pension Investment Board, CIC Capital Corporation, and Global Inrastructure Partners III’s limited partner co-investors.

With headquarters in Singapore, Equis Energy is engaged in renewable energy development, while Equis is an independent developer and infrastructure fund manager.

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Equis Energy has engaged Credit Suisse (Singapore) and J.P. Morgan as financial advisors for the transaction, with Skadden, Arps, Slate, Meagher & Flom as legal advisors. Global Infrastructure Partners III has engaged Clifford Chance as its legal advisor.

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