EQT’s EUR 881 Million Voluntary Takeover Bid Over Solarpack Corporación Tecnológica, S.A.

Clifford Chance advised EQT on the deal. Cuatrecasas advised the selling shareholders.

Solarpack is a multinational specialized in the development, financing, construction, operation and management of utility scale solar photovoltaic power plants with presence in fast-growing markets in Europe, North America, Latin America, Asia and Africa.

Solarpack’s shareholders Beraunberri, S.L., Burgest 2007, S.L. and Landa LLC have already agreed to sell their shares (50.957% stake) to EQT. The takeover bid is a Public to Private Transaction (P2P), as EQT intends to delist Solarpack.

The Clifford Chance team advising EQT was led by M&A partners Javier Amantegui (Picture) and Samir Azzouzi, who were assisted by a team of M&A senior associates Daniel García Juárez, Pablo Hernández and Patricia Puertas and associates Carmen Satrustegui, Laura Geli and Andreína Velásquez, as well as by public law partner Jaime Almenar, counsel Carme Briera and associate Mónica Romero, finance senior associate Eduardo Sánchez and associates Beatriz González and Álvaro Cabaleiro, and antitrust counsel Begoña Barrantes and associate Clara Iglesias.

The Cuatrecasas lawyers advised the shareholders selling the controlling block and promoting the process, and designed the transaction with them and with Citi as financial advisor. The advisory team, led by partner Juan Aguayo and including lawyers Lara Vettorazzi and Alejo Ortuño, worked on the transaction for over a year.

Involved fees earner: Jaime Almenar – Clifford Chance; Javier Amantegui – Clifford Chance; Samir Azzouzi – Clifford Chance; Carme Briera – Clifford Chance; Álvaro Cabaleiro Diaz – Clifford Chance; Daniel García Juárez – Clifford Chance; Beatriz González – Clifford Chance; Clara Iglesias – Clifford Chance; María Begoña Barrantes – Clifford Chance; Patricia Puertas – Clifford Chance; Mónica Romero Martínez – Clifford Chance; Eduardo Sánchez – Clifford Chance; Juan Aguayo – Cuatrecasas; Alejo Ortuño Balius – Cuatrecasas; Lara Vettorazzi – Cuatrecasas; Pablo Hernandez Romero – Goodwin Procter;

Law Firms: Clifford Chance; Cuatrecasas; Goodwin Procter;

Clients: Beraunberri; Burgest 2007; EQT Ventures; Landa;

Author: Federica Tiefenthaler