iCON Infrastructure’s Acquisition of Wind Estate A/S

Horten has assisted iCON Infrastructure with all legal aspects in connection with the transaction. Kromann Reumert has assisted the sellers – ultimately Erik Abraham and Jens Petri Petersen.

The infrastructure fund iCON Infrastructure Partners V, L.P. (iCON Infrastructure) has completed the acquisition of a 95% interest in the energy company, Wind Estate A/S.

Wind Estate A/S is one of Denmark’s leading energy companies in respect to production and sale of electricity from wind turbines. The company’s activities include the whole value chain from project development and establishment of new wind farms, purchase of existing wind turbines and operation, supervision, service and maintenance of the company’s entire wind turbine portfolio for the purpose of sale of power. The company owns more than 400 wind turbines with a total capacity above 300 MW and an annual energy production in excess of 650 Gwh.

Following the transaction, Erik Abraham will remain in place as managing director and retain a 5% shareholding.

iCON Infrastructure is a UK based infrastructure fund with focus on investments in infrastructure within water, transportation, energy generation, distribution and storage, in Europe and North America.

Under iCON Infrastructure’s ownership Wind Estate A/S will continue to pursue its successful growth strategy, including its expansion in the UK market.

The Horten team included Christian Tullberg (Picture), Jacob Kornerup and Henrik Stig Lauritsen.

The Kromann Reumert team included Christian Richard Paarsgaard Ibsen, Jan Hvarre, Jesper Juul and Lise Thygesen Nielsen.

Involved fees earner: Jacob Kornerup – Horten; Henrik Stig Lauritsen – Horten; Christian Tullberg – Horten; Jan Hvarre – Kromann Reumert; Jesper Juul – Kromann Reumert; Christian Richard Paarsgaard Ibsen – Kromann Reumert; Lise Thygesen Nielsen – Kromann Reumert;

Law Firms: Horten; Kromann Reumert;

Clients: Erik Abraham; iCon infrastructure; Jens Petri Petersen;

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Federica Tiefenthaler

Author: Federica Tiefenthaler