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Dentons and CMS Advise on Modus Asset Management's EUR 58 Million Financing for 93-Megawatt PV Portfolio

Dentons and CMS Advise on Modus Asset Management's EUR 58 Million Financing for 93-Megawatt PV Portfolio

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Dentons has advised Modus Asset Management on obtaining EUR 58 million in debt financing from BNP Paribas Bank Polska and PKO Bank Polski to finance and refinance the acquisition of a 93-megawatt portfolio of photovoltaic projects in Poland. CMS advised BNP Paribas Bank Polska and PKO Bank Polski.

According to Dentons, Modus Asset Management also obtained a bank guarantee for the PPA agreement, which is a key element in securing financing and implementing projects.

Modus Asset Management is an asset management company specializing in the renewable energy sector.

The Dentons team included Partner Piotr Nerwinski, Counsel Pawel Dlugoborski, and Associates Dominika Krysiak-Bogdzio and Kamil Stankiewicz.

The CMS team included Partners Michal Mezykowski and Piotr Ciolkowski, Counsels Martyna Markiewicz, Maciej Ziolkowski, and Piotr Prawda, Senior Associate Anita Szemraj, Associates Anis Benamer, Bartlomiej Glabinski, and Jakub Przybylek, Lawyers Andrzej Szostak, Kinga Smarduch, Maciej Lorenz, and Damian Gierasimczuk, and Trainee Jadwiga Lester.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.