Evryo Group Completes Sale of Renewables Portfolio to PPC Group
Deal News | Nov 22, 2024 | RTPR
Evryo Group, owned by funds managed by Macquarie Asset Management, has successfully sold its renewable energy portfolio to PPC Group. The portfolio includes several significant energy assets in Romania, including the country's largest operational onshore wind farm with a capacity of 600 MW and various hydropower, photovoltaic, and battery storage facilities. The legal advisory was handled by RTPR, which boasts high rankings in international legal directories and was recently named Romania Law Firm of the Year. The transaction highlights RTPR's robust experience in corporate/M&A deals, showcasing its pivotal role in such a significant energy sector transaction within the Romanian economy.
Sectors
- Renewable Energy
- Legal Advisory
- Corporate Finance
Geography
- Romania – The transaction involves the sale of renewable energy assets based in Romania, highlighting the country's growing significance in the energy sector.
Industry
- Renewable Energy – The focus on renewable energy assets, including wind farms and hydropower plants, positions this transaction within the renewable energy sector.
- Legal Advisory – The participation of RTPR's legal team in facilitating the transaction underscores the relevance of legal advisory in the realm of M&A activities.
- Corporate Finance – The transaction between Evryo Group and PPC Group involves significant corporate finance elements, particularly in the context of asset sale and acquisition.
Financials
- Not disclosed – The financial terms of the transaction have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Evryo Group | Target | Company | Evryo Group, owned by Macquarie Asset Management, is selling its renewable energy portfolio. |
| PPC Group | Bidding Company | Company | PPC Group is the buyer of Evryo Group's renewable energy portfolio. |
| Macquarie Asset Management | Seller | Company | Funds managed by Macquarie Asset Management own Evryo Group. |
| RTPR | Legal Advisor | Company | RTPR provided legal advisory services for the transaction. |
| Roxana Ionescu | Partner | Person | Roxana Ionescu was the partner at RTPR coordinating the legal team for the transaction. |