BPV Braun Partners, working with Watson Farley & Williams, has advised the Creditas Group on the acquisition of British energy group InterGen. Herbert Smith Freehills reportedly advised the sellers.
Financial details were not disclosed.
The Creditas Group, based in Prague, active in the energy sector since 2013, and owned by Pavel Hubacek, primarily targets ownership interests in companies engaged in the production, distribution, and trading of electricity, gas, and heat. According to BPV Braun Partners, “its energy division, UCED, is the fourth largest energy distributor in the Czech Republic. In addition to energy distribution, it focuses on electricity and heat generation and is also a major provider of power balance services.”
InterGen is a developer, owner, and operator of power generation facilities with over 25 years of experience. According to BPV Braun Partners, “InterGen is one of the largest independent power producers in the UK with around 2,800 megawatts in operation between three combined-cycle gas turbine plants and one open-cycle gas turbine plant.”
The BPV Braun Partners team included Partners David Vosol and Marc Mueller, Senior Associates David Plevka and Michal Fogel, and Associate Pavel Brezina.
