Clifford Chance

Clifford Chance Badea advised PPC Group in its agreement to acquire 629MW RES from Macquarie portfolio company

Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised PPC Group in its agreement with Evryo Group, owned by Macquarie Asset Management, to acquire their renewable energy portfolio in Romania, including 629MW RES in operation and about 145MW in pipeline assets.

The multidisciplinary legal team advising on this landmark deal with a total enterprise value of approximately EUR 700 million, was coordinated by Partner Nadia Badea and Counsel Loredana Ralea.

Nadia Badea, Head of the M&A Energy Practice in Bucharest, says: "Our extended expertise in M&A and Renewable Energy has been essential in advising on one of the largest acquisition agreements in Romania for an operational, mixed green energy portfolio. We are committed to helping our client in its strong commitment to green energy transition, and we are honored for their trust and appreciation."

Loredana Ralea adds: “The successful closing of this matter is extremely rewarding for our M&A Energy practice. We have been working closely with PPC and Macquarie, and our excellent collaboration has streamlined an otherwise intense and complex process. We congratulate all parties involved and we look forward to working with them in the future.”

Clifford Chance Badea advised PPC Group throughout the entire transaction, providing support on aspects of due diligence, renewable energy-related regulatory aspects as well as advisory for the elaboration and negotiation of the final documentation.