Linklaters Advises Qualitas Energy on Acquisition of Heelstone

Spanish renewables investor Qualitas Energy, a global investment and management platform specializing in renewable energy, energy transition, and sustainable infrastructure, has successfully completed the acquisition of Heelstone Renewable Energy. The utility-scale solar and storage developer, based in North Carolina, was acquired from ARCC Heelstone LLC, a subsidiary of funds managed by Ares Capital Corporation. This acquisition marks a strategic move for Qualitas Energy, which will once again invest in the United States, a market where it was previously active in 2008 through Fotowatio Renewable Ventures.

The cross-border transaction was seamlessly facilitated by a collaborative Linklaters team spanning Madrid, New York, Washington, D.C., and Brussels.

The Madrid team, comprising Lara Hemzaoui, Celso Méndez, Jose Buigues as well as Jose Giménez, Alejandro Meca, and Jose Alarcón (pictured below), played a crucial role in the corporate, public, and tax aspects of the acquisition (pictured in order of mention).

The New York and Washington, D.C. teams, led by Pierre-Emmanuel Perais, Rohan De, Jihe Kim, Catherine Yuen, Deling Chen, Lu Meng, Andrew Compton, Diana Jeschke, Will Kim, Chee Lee, Paulina Sosa, Lauren Bachtel, Andrew Gaines, Janet Lee, Maddy Hayes, Antonia Sherman, Anna Gooding, Ieuan Jolly, Kris Ekdahl, Amanda Gabai, and Allan Paul Talde, provided comprehensive support covering corporate, energy, employment, antitrust, and TMT/Data Solutions, along with additional tax expertise.

In Brussels, Tom De Coster and Florence Seghers contributed their expertise in TMT/IP matters, rounding out the cross-border collaboration.

Heelstone was advised by Jefferies and Guggenheim Securities, (financial) and Morgan Lewis (legal).