RP Global Secures €480M from Mirova for Renewable Energy Expansion
Deal News | Nov 01, 2024 | CEE Legal Matters
RP Global has secured an agreement for a substantial investment of up to €480 million from the Paris-based global asset manager Mirova. The investment combines equity and mezzanine bonds, making Mirova a minority investor in RP Global Energy. The investment aims to jointly develop, construct, operate and market various renewable energy projects including solar, wind, and storage facilities. RP Global, a developer of large-scale renewable energy projects with a pipeline of 16 gigawatts, intends to build and commission over 2,500 megawatts of solar, wind, and storage assets within the next five years. Several leading law firms including Schoenherr, Clifford Chance, White & Case, and others were involved in advising the companies on this significant transaction.
Sectors
- Renewable Energy
- Asset Management
- Legal Services
Geography
- France – Mirova, the investor, is based in Paris, France, making the country significant in terms of the investor's role in the transaction.
- Austria – RP Global is a significant entity in the energy sector, although its exact headquarters are not specified. However, legal firm Schoenherr, advising RP Global, has its main office in Austria, indicating possible geographic relevance.
- CEE Region – Schoenherr and Madirazza & Partners, among others involved as advisors, are active in the Central and Eastern European region, indicating the geographical importance of this area in the transaction.
Industry
- Renewable Energy – RP Global operates within the renewable energy sector, focusing on solar PV, wind, hydro, and storage projects, which is the central theme of the investment from Mirova.
- Asset Management – Mirova, the investing entity, is a global asset management company engaged in providing financial resources for development projects such as those undertaken by RP Global.
- Legal Services – Numerous law firms are involved in advising on the transaction, highlighting the role of the legal industry in facilitating M&A and investment activities.
Financials
- EUR 480 Million – The total investment amount agreed by Mirova to invest in RP Global Energy.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| RP Global | Target Company | Company | A developer of large-scale renewable energy projects. |
| Mirova | Investor | Company | A Paris-based global asset management company. |
| Schoenherr | Legal Advisor to RP Global | Company | A law firm advising RP Global on the investment transaction. |
| Madirazza & Partners | Legal Advisor to RP Global | Company | A law firm advising RP Global on the investment transaction. |
| Clifford Chance | Legal Advisor to RP Global | Company | A law firm reportedly advising RP Global on the investment transaction. |
| White & Case | Legal Advisor to Mirova | Company | A law firm reportedly advising Mirova on the investment transaction. |
| Uria Menendez | Legal Advisor to RP Global | Company | A Spain-based law firm reportedly advising RP Global on the investment transaction. |
| Abreu Advogados | Legal Advisor to RP Global | Company | A Portugal-based law firm reportedly advising RP Global on the investment transaction. |
| LPA-CGR Avocats | Legal Advisor to RP Global | Company | A France-based law firm reportedly advising RP Global on the investment transaction. |
| Chatham Partners | Legal Advisor to RP Global | Company | A Germany-based law firm reportedly advising RP Global on the investment transaction. |
| DWF | Legal Advisor to RP Global | Company | An Italian office of a law firm reportedly advising RP Global on the investment transaction. |