Dentons has advised Solaque Holding Ltd, a developer of renewable energy installations, on setting up a joint venture with Wind Power Invest A/S, which was advised by Baker McKenzie Warsaw.
Wind Power Invest belongs to the Vestas Group, which designs, manufactures, and installs wind turbines across the globe. According to Baker McKenzie, the transaction involves Wind Power Invest's acquisition of 50% shares in seven project companies.
Solaque Holding is a part of the GEO Renewables Group, a Warsaw-based company that develops, constructs, and operates wind parks in Poland.
According to Dentons, its services for the project encompassed, in the first stage, "the negotiation of an investment agreement and documentation related to financing granted by a new shareholder, and then after the President of the Office for Competition and Consumer Protection issued a decision clearing the merger, preparation of documentation for the transaction including the share transfer and financial closing." The firm's team consisted of Managing Counsel Agnieszka Kulinska, Counsel Anna Gulinska, Senior Associate Mateusz Krajewski, Associates Tomasz Kordala and Kamil Bulakowski, and Junior Associate Filip Rucinski.
Baker McKenzie’s team consisted of Senior Associates Michal Piekarski and Ernest Dymel.
Editor's Note: The description of the Dentons team in the case has been updated.