According to several financial sources confirmed to elEconomista.es, the British private equity manager had been negotiating for months with the Spanish private equity fund, owner of the company since 2021, the acquisition of a majority stake in the supplier of components for the renewable energy industry.
After taking control of Cinven, ProA Capital reinvests in the company and remains a minority shareholder in the group. Pablo Arnús, Chairman of the renewables company, and Gonzalo Errejón, CEO, will also hold minority stakes in Amara NZero in this new phase.
Deloitte Legal’s team involved in the transaction was formed by M&A Tax and Legal Leading partner José María Gómez Rosende, senior associate Marcos Rodríguez Gutiérrez, senior associate Rafael Cabello and associate Francisco de Borja Rosel Ruiz de Gaona.
Clifford Chance also advised international private equity firm Cinven on the acquisition of a majority stake in Amara NZero from ProA Capital.
Amara NZero is a B2B distributor of products and services used in the energy transition market. It serves as a value-added supply chain partner for suppliers and clients, offering a comprehensive portfolio of products and services across three divisions: renewables (solar, wind and hydro), electrification and energy transition services. With a strong presence in Spain, Italy and Brazil and a growing footprint in the US, Mexico and other countries, Amara NZero is directly exposed to worldwide decarbonisation.
Clifford Chance’s cross-border, multidisciplinary team was led by Madrid M&A Private Equity partner Samir Azzouzi, senior associate Jorge Martín and associates María Aguayo and Carlos Aleixandre, who worked together with a London M&A Private Equity team formed by partner Christopher Sullivan and associate Georgia Demeure, as well as a London Acquisition Finance team led by partner Richard Day, who was supported by senior associate Silvia Menendez and associate Yasmin Johnson. The team also included other members who supported the due diligence in Spain, Italy and the US. The Antitrust and Employment analysis was carried out by counsel Begoña Barrantes and senior associate Jorge Martín-Fernández respectively.
On the other hand, Garrigues advised ProA Capital with a team led by partner Jose Manuel Martín (pictured left) along with senior associates Beatriz Gimeno (top right) and Estrella Pulido (bottom right).
