Asterion Industrial Partners, Swiss Life Asset Management and Electricité de France’s £500 Million Acquisition of Energy Assets Group

Vinson & Elkins’ advised Asterion Industrial Partners on institutional aspects of the acquisition.

The European Commission announced it has decided under Article 6(1)(b) of the EU Merger Regulation to approve the acquisition of Energy Assets Group, a UK energy metering business, from Alinda and Hermes Infrastructure, by Asterion Industrial Partners.

To finance and undertake the transaction, Asterion has partnered with EDF Invest, an investment arm of Electricite de France, and the Swiss pension manager Swiss Life. The three firms will create a consortium to integrate EAG, where Asterion will maintain control.

Asterion is an independent investment management firm with an experienced team focusing on European infrastructure.

EDF Invest invests in renewable infrastructures in the USA.

Swiss Life offers life insurance, risk, pensions, and financial solutions to private and corporate clients.

The V&E team was led by partners Federico Fruhbeck (Picture) and Rob Dixon, with assistance from senior associate Mark Churchman and associates Dominic Kinsky and Lucy Taylor.

Involved fees earner: Mark Churchman – Vinson & Elkins LLP; Robert Dixon – Vinson & Elkins LLP; Federico Fruhbeck – Vinson & Elkins LLP; Dominic Kinsky – Vinson & Elkins LLP; Lucy Taylor – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Asterion Industrial Partners SGEIC SA;