Cerberus instructs Watson Farley & Williams on acquisition of four Spanish wind farms

Watson Farley & Williams advised Cerberus Capital Management on the €175 million acquisition of four Spanish wind farms.

The four wind farms – which have an aggregated capacity of 105.8 MW – are Sierra Sesnández in Zamora (acquired from Sinia Renovables), Loma del Capón in Granada (acquired from Comsa Renovables), Magaz in Palencia (acquired from Esif) and Cova da Serpe II in Lugo (acquired from Renovis).

The Madrid-based team advising Cerberus was led by Spain managing partner and head of corporate María Pilar García Guijarro, and included associate Rosana Segado. Partner David Diez advised on regulatory matters, while senior associate José María Anarte advised on the banking and finance aspects of the transaction.

García Guijarro said: “Advising Cerberus on this matter, as well as on their €1 billion acquisition of Renovalia in January and the acquisition of the Turó del Magré and Pujolt wind farms last summer reaffirms the attractiveness of the Spanish renewable sector to international investors such as Cerberus, who clearly recognise Spain as an exciting investment opportunity”.