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Everlegal and Redcliffe Partners Advise on UDP Renewables/Nebras Power Agreement

Everlegal and Redcliffe Partners Advise on UDP Renewables/Nebras Power Agreement

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Everlegal has advised UDP Renewables on its investment agreement with Nebras Power, a global power development and investment company headquartered in Doha, Qatar. Redcliffe Partners advised Nebras Power on the deal.

The deal contemplates the acquisition by Nebras Power of a controlling stake in six UDPR companies operating solar power plants: Scythia-Solar-1, Scythia-Solar-2, Free-Energy Henichesk, Port-Solar, Terslav, and Sun Power Pervomaisk. According to Everlegal, "the next stage of the partnership will be the implementation of new wind energy projects, which will allow UDPR to increase its share in the production of green electricity in Ukraine."

Everlegal's team was led by Partner and Head of Energy Andriy Olenyuk and included Managing Partner Yevheniy Deyneko, Senior Associate Yuliia Kylchynska, and Associates Olha Horodniuk, and Lidiia Vatutina. According to the firm, its lawyers "provided comprehensive legal support to [UDPR] during development and construction of the projects, prepared and negotiated transactional documents (including the sale and purchase agreements and shareholder agreements), [and] drafted and ensured receipt of the corporate approvals required for the transaction. In addition, we advised [UDPR on] a number of employment, banking, and financial matters." The firm's Antitrust and Competition Practice Team, consisting of Senior Associate Mykhailo Gurin and Associates Adriana Kryveshko and Khrystyna Yermenchuk advised UDPR on regulatory matters and helped it obtain anti-monopoly commission approval for the concentration.

Editor's Note: After this article was published, Redcliffe Partners announced that the share purchase agreements has been signed in Doha on April 5, 2021, and that the acquisition is expected to close in the coming months subject to certain conditions precedent. The firm's team working on the deal was led by Partners Svitlana Teush and Zoryana Sozanska-Matviychuk and included Senior Associate Evgeniy Vazhynskiy, Associates Stanislav Rodionov, Victoria Ivasechko, Hanna Marunych and Eduard Olentsevych, Junior Associate Yevhen Chorny, and Paralegals Sam Shyshka and Sevastian Viktoruk.

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We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

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AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

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