The pre-acquisition stage involved significant due diligence in respect of energy subsidy contracts, energy infrastructure legislation, real estate matters, corporate and competition, and state aid. Our team has also advised on structuring issues as well as litigation matters. Following the due diligence exercise, we have assisted in the preparation of the share purchase agreement and all ancillary documentation that was required to put the deal into effect. Post-closing, our team has been engaged and advised the investor in regards to the over €100 million senior debt refinancing of this onshore wind project by a major local bank, including negotiating and producing a new set of security documents in favour of the bank and the updating of direct agreements with the local authorities.
Proactively communicating with all local authorities to assist our client with the completion of the acquisition as well as with the subsequent re-financing, in a heavily regulated framework.
Both the acquisition and the subsequent re-financing were successfully completed and implemented.