A European team of international legal practice Norton Rose LLP has advised UK private equity fund Impax Asset Management Ltd. on the planned acquisition of Epuron GmbH’s wind development and operating business in Germany and France. Epuron is a subsidiary of German TecDax-listed solar system manufacturer Conergy AG. The purchase agreement was signed on 9 December 2010. The financial details of the transaction have not been disclosed.
Impax Asset Management is a leading investment manager dedicated to the environmental sector, with a focus on alternative energy, water and waste. It will acquire the Conergy wind development activities based in Hamburg, all partnership shares of three operating wind farms in Eastern Germany, the operation management business CSO Energy and 100 per cent of the company’s wind business based in France, among other assets. Impax will take up Epuron’s strategy to build a wind energy independent power producer (IPP) portfolio.
The Norton Rose LLP team was co-led by David Baylis in London and Dirk Otto in Frankfurt, assisted by Sebastian Karpe, Karsten Kühnle, Kevin Quennet, and Kai Krüger in Germany. French support was given by Anne Lapierre, Hervé Castelnau, Arnaud Belisaire, Cyrille Rumen, Thibaut Kazemi and Maxime Lavayssiere. Advice from Amsterdam was given by Saskia Blokland and Aileen van Driel
Latham & Watkins, Hamburg advised Conergy AG/Epuron GmbH.
