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White & Case Advises on Total Eren Acquisition of NovEnergia

White & Case Advises on Total Eren Acquisition of NovEnergia

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White & Case has advised Total Eren, a French renewable energy Independent Power Producer, on the acquisition of NovEnergia Holding Company, a Southern European Independent Power Producer. King Wood & Mallesons advised NovEnergia on the deal.

NovEnergia has subsidiaries in Spain, Italy, France, Bulgaria, Hungary, and Poland. 

With this acquisition, Total Eren increases its presence in Southern Europe, with NovEnergia bringing in 47 installed assets in the region. The company has an enterprise value of over EUR 1 billion.

The acquisition closed following the approval of the transaction by the Portuguese Competition Authority.

The White & Case team in Paris consisted of Partner Guillaume Vallat, Partner Thomas Le Vert, Counsel Orion Berg, and Associate Julien Etchegaray.

King Wood & Mallesons did not reply to our inquiry on the deal.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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