Clifford Chance advised Cubico Sustainable Investment Spain on the agreement to acquire a controlling equity stake in the Spanish company Grupo T-Solar Global from I Squared Capital

16 December 2020

Samuel Rosas, , Jaime Velázquez, Eugenio Fernández-Rico, Pablo Cancelo, , José Guardo, , Michele Bernardi, , , Octavio Canseco, Jaime Almenar, , Ana Latorre, Umberto Penco Salvi, , Michele Bernardi
Madrid

Clifford Chance advised Cubico Sustainable Investment Spain on the agreement to acquire a controlling equity stake in the Spanish company Grupo T-Solar Global from I Squared Capital

Clifford Chance advised Cubico Sustainable Investment Spain, S.L. (a renewable energy specialist jointly owned by the Ontario Teachers’ Pension Plan and PSP Investments) on the EUR1,500 million (EV) agreement to acquire a controlling equity stake in the Spanish company Grupo T-Solar Global, S.A. from I Squared Capital. Grupo T-Solar Global, S.A. and its subsidiaries own a portfolio of operating solar PV (174MWp) and concentrated solar power assets (100MWp) in Spain and Italy and a large pipeline of assets at different stages of development (c.1,400MW) in the same markets.

The Clifford Chance core team consisted of Madrid Corporate lawyers Samuel Rosas, Ana Galindo, Juan Valcárcel, Carmen Satrustegui, Jesús Esteban, María Aguayo, Laura Geli and Jaime Velázquez, Madrid Projects lawyers Eugenio Fernández-Rico, Pablo Cancelo, José Luis Iriarte and José Guardo and Milan Corporate lawyers Umberto Penco Salvi, Cristiana Visco, Michele Bernardi and Mariasole Rinciari. The core team was supported by members of the Real Estate (Natalia García and Jorge Barrero), Regulatory (Alba Sande, Octavio Canseco and Jaime Almenar), Labour (Efraina Fernández), Anti-trust (Ana Latorre and Laura Tresoldi) and Litigation (Laura García-Valdecasas, Pasquale Grella and Giada Scarnera) areas of the Firm.