GA_P and Cuatrecasas on Oaktree’s €74M acquisition of Guascor
Gómez-Acebo & Pombo (GA_P) has advised Oaktree Capital Management on its acquisition of Guascor Energy from German investment group Mutares SE & Co. KGaA for €74 million. Cuatrecasas has advised the seller. The transaction covers 100% of Guascor Energy and its US sister company, Guascor Power, and has been carried out through Oaktree’s Power Opportunities strategy.
Based in the Basque Country, Guascor Energy has more than 50 years of experience providing engineered energy solutions. Its activities include electricity generation, combined heat and power (CHP), waste-to-energy and marine applications.
Mutares acquired Guascor from Siemens Energy in November 2022 through a carve-out transaction, marking its first investment in the Iberian Peninsula. Under Mutares’ ownership, Guascor reinstated its original brand and implemented a comprehensive value creation programme.
The team
The GA_P team advising Oaktree was led by Pablo Fernández Cortijo, Carolina Posse Van der Laat, Marta Portuondo Lacave, María Meseguer, Gonzalo Báscones Roca, Jesús Rizo Ortiz, Alejandro Lillo Carner and Ana Uriach Dasca, from the firm’s M&A practice.
The Cuatrecasas team advising on the transaction comprised Kai Christian Fischer (M&A/Private Equity, German Desk), Santiago Bayo (M&A/PE), Paula Martínez (M&A/PE, German Desk) and Íñigo Jiménez (M&A/PE, German Desk).
