Siemens Gamesa Divests Wind Power Business Stake
Deal News | Apr 02, 2025 | Uría Menéndez
Siemens Gamesa, a renowned global leader in renewable energy solutions, has made a strategic move by divesting its wind power business in India and Sri Lanka. This divestment involves selling the assets to a consortium of investors led by the private equity firm TPG. Despite this move, Siemens Gamesa retains a strategic 10% stake in the transferred business, ensuring continued influence and connection with the operations. The business itself involves crucial segments of the wind energy sector, including the manufacture, installation, and service of onshore wind turbines. The legal intricacies of the deal were managed by the distinguished law firm Uría Menéndez, which assembled an experienced team of lawyers to cater to the different legal aspects of this transaction.
Sectors
- Renewable Energy
- Legal Services
- Private Equity
Geography
- India – India is a key geography since Siemens Gamesa has divested its wind power business located there.
- Sri Lanka – Sri Lanka is another crucial geography where Siemens Gamesa's wind operations were involved in the divestment.
Industry
- Renewable Energy – The article revolves around the divestment of Siemens Gamesa's wind power business, which is a significant component of the renewable energy sector.
- Legal Services – Uría Menéndez, a law firm, provided legal guidance for the transaction, reflecting the involvement of the legal services industry.
- Private Equity – TPG, a leading private equity firm, is involved as the purchaser, highlighting the critical role of the private equity industry in the deal.
Financials
- 10% – Siemens Gamesa retains a 10% stake in the transferred wind power business.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Siemens Gamesa | Target Company | Company | A leading renewable energy company divesting its wind power business in India and Sri Lanka. |
| TPG | Bidding Company | Private Equity | A private equity firm leading the group of investors acquiring assets from Siemens Gamesa. |
| Uría Menéndez | Legal Advisor | Company | A law firm that provided legal advisory services for the transaction. |
| Tomás José Acosta Álvarez, Tomás Arranz Fernández-Bravo, Carlos Montoro Esteve, Jokin Beltrán de Lubiano, Marta Giner Vincueria, Ana Hidalgo Benito, César Farrapeira Lafuente | Lawyers | People | Individual lawyers at Uría Menéndez who handled the various areas of law involved in the transaction. |