Kajima And Griffin’s Acquisition Of A Majority Stake In PAD-RES

Clifford Chance advised Kajima Europe and Griffin Real Estate on the deal.

Kajima Europe, the pan-European real estate investment and development company, and Griffin Real Estate, a leading private equity investment company, acquired the 72% stake in PAD-RES, a Polish renewable energy projects’ development company as well as on the creation of the joint venture for the project.

PAD-RES is a developer in the clean energy asset space in Poland with a portfolio of solar and wind energy projects exceeding 500MW. The joint venture will provide financing for the development of the existing portfolio, with a view to acquire new projects and pursue greenfield opportunities.

Clifford Chance team advising on the acquisition was led by Pawel Puacz (Picture – counsel, Head of Energy and Environment) and included also Nick Fletcher (of counsel), Kamil Sarnecki (senior associate), Michal Przybysz (senior associate) and Zuzanna Potoczna (junior associate). Wojciech Polz (partner, corporate/M&A), Karol Kulhawik (senior associate) and Aleksandra Wlaszczuk (associate) advised on the creation of the joint venture for the project.

Involved fees earner: Nick Fletcher – Clifford Chance; Wojciech Polz – Clifford Chance; Zuzanna Potoczna – Clifford Chance; Micha? Przybysz – Clifford Chance; Pawe? Puacz – Clifford Chance; Kamil Sarnecki – Clifford Chance; Aleksandra W?aszczuk – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Griffin Real Estate; Kajima Corporation;

Giulia Di Palma

Author: Giulia Di Palma