Rymarz Zdort Maruta has advised the Three Seas Initiative Investment Fund on its EUR 150 million investment in R.Power. Clifford Chance advised R.Power.
The transaction remains contingent on regulatory approval.
According to the firm, the Three Seas Initiative Investment Fund will invest EUR 150 million in the target company in exchange for a minority stake, with an option to increase its investment further to EUR 250 million in total.
R.Power is a power producer active in solar PV and battery storage that operates in Poland, Italy, Portugal, Spain, Germany, and Romania.
The Three Seas Initiative Investment Fund is a commercial fund advised by Amber Infrastructure. It targets energy, transport, and digital infrastructure investments in CEE. The Amber Infrastructure Group is a UK-based investment manager focused on investment origination, asset management, and fund management.
The Rymarz Zdort Maruta team was led by Partner Jakub Krzemien and included Managing Partner Pawel Zdort, Partners Marek Durski and Iwona Her, Counsel Lukasz Lech, Senior Associates Adrian Augustyniak, Piotr Wawrzeniuk, Honorata Skibicka, and Tomasz Kordala, and Associates Klaudia Kasztelewicz, Weronika Iskierska, Izabela Skrzypczak, and Engjell Sokoli.
Editor's Note: After this article was published, Clifford Chance announced that its team was led by Partner Wojciech Polz and included Partner Pawel Puacz, Counsel Karol Kulhawik, Of Counsel Nick Fletcher, Senior Associates Tomasz Szekalski and Marcin Markowski, and Associates Zuzanna Potoczna and Michal Besciak.