Disposition · Activity not yet classified
Flexitricity
Transaction overview
Announced
Exact closing date not established.
On January 21, 2026, Quinbrook announced an agreement to sell Flexitricity to Drax Smart Generation HoldCo Limited. Completion remained subject to government approval and Ofgem assessment. Expected proceeds of approximately £42 million comprised £36 million enterprise value and an estimated £6 million working-capital and cash adjustment, subject to closing adjustments. Velox Power was excluded and remained under Quinbrook ownership.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- Quinbrook sells Flexitricity to Drax ↗
Official firm website · Published Jan 21, 2026
On January 21, 2026, Quinbrook announced an agreement to sell Flexitricity to Drax Smart Generation HoldCo Limited. Completion remained subject to government approval and Ofgem assessment. Expected proceeds of approximately £42 million comprised £36 million enterprise value and an estimated £6 million working-capital and cash adjustment, subject to closing adjustments. Velox Power was excluded and remained under Quinbrook ownership.