KSB has provided legal services to the CERCL Green group in connection with the sale of Green Gas International by means of a management buy-in for an undisclosed consideration to ML Green Netherlands B.V., a special purpose management buy-in company jointly owned by private investors Laurent Barrieux and Martin Vojta.
Green Gas International is a European operator of clean energy projects that focuses on converting harmful methane emissions produced during the extraction of mining and landfill gas to energy benefit.
Commenting on the transaction in a joint statement, Laurent Barrieux and Martin Vojta said: "We are very happy and proud to bring to Green Gas our personal commitment, experience, and passion for energy and the environment. We trust that together with existing local management, we will write new pages in Green Gas’s history, reinforcing its current position and opening new areas for development.”
Michiel Tijmensen, outgoing Chief Executive of Green Gas, commented: “I am pleased to have been involved in the successful restructuring of Green Gas to focus on its core businesses in the Czech Republic, Germany, and Poland. This change of ownership is the next logical step, giving the new owners the opportunity to develop the business further from its European base with its strong operational capabilities.”
KSB's assistance encompassed conducting due diligence of the group concerned, the negotiation and preparation of contracts for the sale of shares and preparing other related documentation. The firm's team was led by Partner Christian Blatchford and include Partner Dagmar Dubecka, Associates Martin Kubík and Jaroslav Zahradnícek, and Junior Associate Jana Guricova.
Linklaters and Luther also advised CERCL Green group on the sale, while Rentsch Legal advised the buyers.
