Nature Infrastructure Capital and Davidson Kempner Capital Expand Renewable Portfolio with Greencells Group Acquisition
Deal News | Dec 10, 2024 | Ropes & Gray
Ropes & Gray has served as the legal advisor to Nature Infrastructure Capital (NIC) in its joint acquisition with Davidson Kempner Capital Management LP of Greencells Group's solar and storage project development platform. This platform, based in the Netherlands, focuses on the acquisition, development, financing, and operation of renewable energy projects. It's actively engaged in key European markets and Canada, managing a project portfolio of almost 4 gigawatts of utility-scale solar and battery projects. The joint venture seeks to further develop and expand these projects, emphasizing the delivery of clean energy solutions. The Ropes & Gray advisory team included private equity specialist Simon Saitowitz and associates, supported by tax and asset management professionals from the firm.
Sectors
- Renewable Energy
- Investment and Asset Management
- Legal Advisory
Geography
- Netherlands – The acquired platform, Greencells Group, is based in the Netherlands.
- Europe – The acquisition targets key European markets for renewable energy projects.
- Canada – The development projects under the acquired platform also span across Canada.
Industry
- Renewable Energy – The article focuses on the acquisition of a solar and storage project development platform, emphasizing the renewable energy sector.
- Investment and Asset Management – The involvement of Nature Infrastructure Capital and Davidson Kempner Capital Management highlights investment and asset management activities.
- Legal Advisory – Ropes & Gray's role in advising on the acquisition represents the legal advisory sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nature Infrastructure Capital | Acquirer | Company | A company involved in investing and managing infrastructure assets, particularly within the renewable energy sector. |
| Davidson Kempner Capital Management LP | Acquirer | Company | An asset management firm engaged in the acquisition together with Nature Infrastructure Capital. |
| Greencells Group | Target Company | Company | A global developer and provider of EPC and O&M services for large-scale solar power plants. |
| Ropes & Gray | Legal Advisor | Company | A law firm providing legal advisory services for the acquisition. |
| Simon Saitowitz | Private Equity Partner | Person | Private equity partner at Ropes & Gray leading the advisory team. |
| Craig Jourdan | Private Equity Associate | Person | Associate at Ropes & Gray, part of the advisory team. |
| Salah Khaddour | Trainee | Person | Trainee at Ropes & Gray, supporting the advisory team. |
| Andrew Howard | Tax Partner | Person | Tax partner at Ropes & Gray providing tax advisory support. |
| Matt Parsons | Associate | Person | Associate at Ropes & Gray, supporting tax advisory work. |
| Andrew Davis | Asset Management Associate | Person | Associate at Ropes & Gray, involved in asset management advisory. |
| Callum Flanagan | Asset Management Associate | Person | Associate at Ropes & Gray, involved in asset management advisory. |