Beccar Varela and Richards Cardinal Tutzer Zabala y Zaeffe advised on the deal
YPF Ventures executed its acquisition of a strategic stake in Sustentator S.A.
YPF Ventures is a YPF vehicle which seeks to diversify the company’s energy-related businesses and boost its local innovation. Led by Daniel González,YPF Ventures will position itself in a new field for YPF, as a tool to generate innovation, either by incorporating already-proven global technology or developing at start-up level.
Sustentator S.A. is a leading company dedicated to the engineering and installation of clean renewable energy, reducing emissions. Among the company’s goals are the dissemination, education and advice on energy savings. The installation of this type of energy solutions – both photovoltaic and hot water tanks, where the consumer generates their own energy – is a worldwide trend, bolstered in Argentina through the implementation of the Law of Distributed Generation. Paul Howlin, new President of Sustentator S.A., together with Daniel Nofal, will lead the company in this phase.
With this acquisition, YPF begins its growth strategy in the renewable energy retail business, launching itself in the niche of photovoltaic module installations and other technologies aimed at industries, businesses and homes.
Beccar Varela advised YPF Venture with Tomás Allende (Picture), Paula Casaux Alsina and Milagros Valenzuela.
Richards Cardinal Tutzer Zabala y Zaeffe advised Sustentator S.A. with Calixto Zabala, Jorge Tutzer and Mariana Vazquez.
Involved fees earner: Tomas Allende – Beccar Varela; Paula Casaux Alsina – Beccar Varela; Milagros Valenzuela – Beccar Varela; Jorge Tützer – Richards, Cardinal, Tützer, Zabala, Zaefferer; Mariana Vazquez – Richards, Cardinal, Tützer, Zabala, Zaefferer; Calixto Zabala – Richards, Cardinal, Tützer, Zabala, Zaefferer;