15 March 2021
- Spencer Baylin, Jenine Hulsmann, Nick Mace, Alexandra Dimsdale Gill, Sonia Gilbert, Mike Crossan, Alistair Woodland, Simon Persoff, Hans Beerlage, Edward Holmes, Ciarán Cronin, Josh Baxter, Maria Shodeinde, Catherine van der Helm, Annagiulia Zanazzo, Edward Page, Jeremy Rayfield, Matthew Lilley, Nishant Khanna, Sally Murphy, Rachel Pereira, Rachida Benhalima
Clifford Chance advises Partners Group on the acquisition of Fortum’s Baltic district heating business
International law firm Clifford Chance is advising Partners Group, the leading global private markets firm, acting on behalf of its clients, on the acquisition of one of the largest district heating platforms in the Baltic region from Finnish energy company Fortum Corporation.
The platform operates across Estonia, Latvia and Lithuania and has 74 generation assets, which generate heat capacity of 881 MW and power capacity of 130 MW across 387km of district heating networks.
The Clifford Chance team was led by London-based Partner Spencer Baylin, supported by Senior Associates Edward Holmes and Ciarán Cronin and Associates Josh Baxter and Maria Shodeinde.
The transaction team was also supported by: Antitrust Partner, Jenine Hulsmann, Senior Associate Annagiulia Zanazzo; Tax Partner Nick Mace and Senior Associate Edward Page; Finance Partner Alex Dimsdale-Gill, Director Matthew Lilley, Senior Associates Jeremy Rayfield and Nishant Khanna; Employment Partners Sonia Gilbert, Mike Crossan and Alistair Woodland; TMT Partner, Simon Persoff, Senior Associate Sally Murphy and Associate Rachel Pereira; Amsterdam Partner Hans Beerlage and Associates Catherine van der Helm and Sophie Riemer; Luxembourg Associates Rachida Benhalima and Cristina Mudure.
Local counsel support was provided by Ellex in Latvia, Estonia and Lithuania.