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TGS Baltic Advises Mitsubishi on Acquisition of 20% Stake in European Energy

TGS Baltic Advises Mitsubishi on Acquisition of 20% Stake in European Energy

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TGS Baltic, working with Baker McKenzie and Accura, has advised Mitsubishi on its acquisition of a 20% stake in Denmark-based European Energy through a EUR 700 million investment.

According to the firm, "Mitsubishi HC Capital, a specialized financing company, has agreed to acquire a 20% stake in Danish renewables developer European Energy by investing EUR 700 million. Through the partnership, European Energy can enhance its position in the renewable energy sector. The capital injection will fuel the continued expansion of European Energy’s operations."

The TGS Baltic team included Partner Paulius Zapolskis and Senior Associates Indre Vickaite-Liatuke, Lukas Vaisvila, and Simas Paukstys.

Editor's Note: After this article was published, CEE Legal Matters learned that Kromann Reumert advised European Energy.

Subsequently, Cobalt informed CEE Legal Matters it had advised European Energy as well. The firm's team was led by Partner Paulius Markovas.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.