Schoenherr has advised the Liechtenstein Group on an unspecified investment in PV-Invest, a renewable energy company active in Austria and Southern and Southeastern Europe.
The Liechtenstein Group, which is owned by the Princely House of Liechtenstein, manages a portfolio of companies operating in the agribusiness and food, forestry, renewable energy, and real estate sectors.
PV-Invest is a producer of electricity from photovoltaic and small hydropower plants. Its subsidiaries in Austria and Southern and Southeastern Europe currently operate a 54 megawatt portfolio.
According to Schoenherr, “the equity investment is intended to enable PV-Invest to accelerate its expansion in the currently rapidly growing market for the construction and operation of photovoltaic power plants.” According to the firm, he deal is expected to close in the third quarter of 2021.
Schoenherr’s team included, in Austria, Partners Alexander Popp, Constantin Benes, Franz Urlesberger, and Bernd Rajal, Counsel Teresa Waidmann, Attorney-at-Law Alfred Amann, and Associates Anna Diensthuber, Irina Hanin, Tobias Hayden, Philipp Staudigl, Anna Visontai, and Nina Zafoschnig; in Slovenia, Partners Marko Frantar and Vid Kobe and Associate Lea Avsenik; in Serbia, Partner Milos Lakovic and Associate Andrea Lazarevska; and in Bulgaria, Partner Stefana Tsekova and Attorneys-at-Law Silvia Ribanchova and Dimitar Vlaevsky. The firm did not reply to an inquiry about the deal.