Enerlis Gains New Majority Shareholder with White Summit Capital Investment
Deal News | Mar 20, 2025 | Paul Hastings
Paul Hastings LLP has advised Enerlis, a company active in energy efficiency projects, in securing an investment from White Summit Capital in Powesco, its holding company. This strategic investment positions White Summit Capital as the majority stakeholder in Powesco, a player in the energy transition space, with a funding amount of 150 million. The investment focuses on enhancing Powesco's innovative approaches to energy solutions, including third-party financing and guaranteed energy performance, all executed through a turnkey model. The legal team at Paul Hastings was led by Private Equity partner Olivier Deren, with substantial efforts from of counsel Charlotte Dupont and associate Marie Forte.
Sectors
- Private Equity
- Sustainable Infrastructure
- Energy Efficiency
Geography
- Global – The entities involved, such as Paul Hastings, White Summit Capital, and Enerlis, operate on an international scale.
Industry
- Private Equity – Involves White Summit Capital's investment in Powesco, indicative of private equity activity.
- Sustainable Infrastructure – Powesco operates in energy transition, integrating sustainable infrastructures through turnkey solutions.
- Energy Efficiency – Enerlis, a subsidiary of Powesco, is involved in energy efficiency projects which are part of the value chain Powesco offers.
Financials
- 150 million – Investment amount by White Summit Capital to gain majority stake in Powesco.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enerlis | Subsidiary | Company | A subsidiary of Powesco, involved in energy efficiency projects. |
| Powesco | Target Company | Company | A company focused on energy transition, now with White Summit Capital as a majority shareholder. |
| White Summit Capital | Bidding Company | Company | An investment fund specializing in sustainable infrastructure, now the majority shareholder of Powesco. |
| Paul Hastings LLP | Legal Advisor | Company | Provided legal advice to Enerlis in the transaction involving White Summit Capital’s investment in Powesco. |
| Olivier Deren | Lead Legal Advisor | Person | Private Equity partner at Paul Hastings LLP who led the legal advisory team. |
| Charlotte Dupont | Of Counsel | Person | Part of the legal team from Paul Hastings LLP advising on the transaction. |
| Marie Forte | Associate | Person | Part of the legal team from Paul Hastings LLP advising on the transaction. |