UBS has acquired an Italy-based 14.4MW solar portfolio and 4 MW biogas portfolio from Econergy Systems and RGreen Invest. Under the terms, UBS has also secured an option that would allow it to acquire additional 22 MW of solar assets. The acquisition of the operating portfolio will lead to UBS gaining a significant foothold in the renewable energy market of Italy.
As reported by Mergermarket, UBS group general counsel Markus Ulrich Diethelm (pictured) worked in this transaction.
Ashurst also advised UBS Asset Management on the partnership. The team was led by partner Carloandrea Meacci and counsel Anna Pinzuti, assisted by senior associate Andrea Di Rosa, and associates Paolo Gallarà and Genny Muccardi. Partner Elena Giuffrè advised on the administrative law aspects, with counsel Gabriele Accardo advising on antitrust matters. In Luxembourg, partner Isabelle Lentz, counsel Paul Witte, senior associate Geoffrey Delamarre and associate Laurence Latuillerie advised.
As reported by Legalcommunity.it, Gianni, Origoni, Grippo, Cappelli & Partners and Agnoli e Giuggioli assisted Econergy Renewable Energy and the sellers: the investment fund FPCI Infragreen III and the company Econergy Systems.
Gianni, Origoni, Grippo, Cappelli & Partners’ team included partner Massimiliano Calabrò and Ottaviano Sanseverino and associates Juancarlos Pirani and Graziano Cucchi.
Agnoli e Giuggioli acted with a team consisting of partner Giulio Giuggioli, managing associate Roberta Ardigò and associate Marta Picco. The administrative law aspects were followed by the senior associate Francesca Vrespa.