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Wednesday, November 29, 2023

Law firm trio advice on sale of 49% of BRUC’s PV portfolio

Linklaters has advised OPTrust, USS and BRUC -which was also assisted by EY Abogados on Tax matters- on the sale of 49% of BRUC’s 1,066 megawatts portfolio to Interogo Holding, counselled by Herbert Smith Freehills

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BRUC is a renewable energy company that manages a portfolio of 8,500 MW in Spain, of which over 1,000 MW are already in operation or in an advanced phase of construction.

A Linklaters’ cross-practice and multi-jurisdictional team led by Ben Rodham, Francesca Matthews, Lara Hemzaoui Rodrigo, José Giménez Cervantes and Alejandro Meca has advised OPTrust, Universities Superannuation Scheme (Ltd) and Bruc on the sale of 49% of BRUC’s 1,066 MW portfolio of operational and under construction #solar photovoltaic generation assets to Inter Infrastructure Capital, an infrastructure investment fund of Interogo Holding AG.

The cross-practice and multi-jurisdictional team (London and Madrid) included Corporate, Financial Sponsor and Energy & Infrastructure partners Ben Rodham, Francesca Matthews and Lara Hemzaoui, alongside managing associate Albert Yu with associates Santiago Menéndez, Jamie McPhie, Alberto Vilalta and junior associate Javier Montero.

Linklaters’ Spanish Public Law team was led by partner Jose Giménez, with managing associate Jorge Toral and associate Gonzalo Sanz. The Tax team was led by partner Alejandro Meca with managing associates Alexei Franks and Álvaro Albiñana and associates Natasha Davies and Marta España. The Antitrust & Foreign Investment team was led by counsel Fredrik Lowhagen with junior associate Lucía Esteban.

Bruc has been advised by EY Abogados on Tax matters with a team led by partner Silvia Alonso (left), together with manager Matilde Gómez (right) and senior Joaquín Latorre.

On the other hand, HSF Spain has advised, together with its London office, Interogo Holding AG, via its infrastructure investment fund Inter Infrastructure Capital (IIC) on the agreement with a team formed by Sarah Pollock (top left), Miguel Fraga Otero (bottom centre), Eliza Eaton, Victoria Herce Peña, Tihomir Svilanovic, Iria Calviño (top right), Juan Presmanes, Esther Lumbreras Sancho (bottom right), Mónica De Hevia Rodríguez, Iñigo Bastarreche Jáudenes, Jose María Faz Albert, Miguel Alvargonzález Riera, Alejandra Romero, Marta Escartin Goizueta, Henar Gonzalez Durantez (top centre), Pilar Carrasco, William Arrenberg (bottom left), Pindy Gainda, and Frank Thompson.

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