Gomez-Acebo & Pombo has advised Czech Republic-based Energo Pro on its expansion to Spain via the acquisition of Xallas Electricidad y Aleaciones (Xeal) and Feroe Ventures & Investments from Sixth Street. Perez-Llorca advised Sixth Street.
The Energo-Pro Group was established in 1994 in the Czech Republic. Its business focuses on generation, distribution, and power trading. It operates hydropower plants and electrical distribution grids in Central and Eastern Europe, the Black Sea, and the Caucasus.
Sixth Street is a global investment firm.
According to Energo Pro, “this is one of the largest Czech investments in Spain. Xeal operates ten hydropower plants with a total capacity of 167 megawatts and two ferroalloy plants. Feroe has applied for the grant of a concession for a new pumped-storage plant with a planned capacity of 400 megawatts.”
According to Gomez-Acebo & Pombo, “to finance the transaction, Energo-Pro has secured a EUR 300 million bridge loan from JP Morgan and Goldman Sachs. With this transaction, the Czech Republic firm expands its operations in Galicia, making it one of the largest investments made in Spain by a Czech company.”
The Gomez-Acebo & Pombo team included Partners Guillermo Guerra, Miguel Troncoso, Irene Fernandez-Puyol, and Carlos Vazquez, Of Counsel Jorge Martin, Lawyers Irene Carreno, Carlota Mazzucheli, and Cristina Maiia, and Associate Ruth Ereno.