Cerberus’ Acquisition of Prudential’s Spanish PV portfolio

Watson Farley & Williams (“WFW”) has advised Cerberus Capital Management (“Cerberus”) on their acquisition of Prudential’s Spanish photovoltaic portfolio, Infracapital Partners. With a total installed capacity of 36.4 MW the portfolio acquired by Cerberus comprises the Tordesillas, Valtierra I & II, Valtierra III, Fontellas and Lasesa PV plants.

Cerberus Capital Management is a leading international fund manager with US$29 billion currently under management worldwide. WFW Madrid has advised Cerberus on all their Spanish renewables acquisitions over the past 12 months, including that of Renovalia for €1bn, the Catalan wind farms Turó del Magré and Pujalt for €100m, and the Sierra Sesnández, Loma del Capón, Magaz y Cova da Serpe II wind farms for €175m.

The WFW Madrid corporate team advising Cerberus was led by María Pilar García Guijarro (Picture), Madrid Managing Partner and Corporate Head, together with transaction Senior Associate Ana Lorenzo and Associate Fernando Santos. Partner David Diez and Associate Lidia Fernández provided regulatory advice.

Involved fees earner: María Pilar García Guijarro – Watson Farley & Williams; Ana Lorenzo Sobrado – Watson Farley & Williams; Fernando Santos – Watson Farley & Williams; David Diez – Watson Farley & Williams; Lidia Fernandez Jimenez – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: Cerberus Capital;