Marguerite joins Plenium Partners and takes majority stake in SotySolar: advisors

Marguerite, a pan-European infrastructure investor, has acquired a majority stake in SotySolar, a renewable energy services company, through its latest fund, Marguerite III. The transaction was closed on December 12, 2023 and consists of the acquisition of part of Plenium Partners’ shares and the subscription of a new capital increase.

Image: Nasif Hamed Mohamed and Alejandro Osma, Pérez-Llorca partners and Javier Pérez Olivares, Deloitte Legal partner.

As part of the transaction, Marguerite commits significant capital to consolidate SotySolar’s market position in the residential segment (B2C), expand its customer base by supporting the company’s growth in apartment buildings and in the commercial segment of B2B customers (hotels, supermarkets, offices, etc.), as well as continue its expansion in Portugal.

The strategic growth plan also foresees the launch of new products and services to drive sales of solar PV installations and increase cross-selling opportunities, while providing significant savings to end customers and helping Spain and Portugal meet their ambitious energy transition targets.

“Our goal is to become the leader in distributed renewables in Iberia. We remain focused on growth in Spain and Portugal, as well as on expanding and improving our products and services. In the current market conditions, we are very pleased to demonstrate the strength of our brand,” said Daniel Fernandez, CEO and founder of SotySolar.

Marguerite has been advised by Perez-Llorca (legal), and Deloitte (financial and tax).

Pérez-Llorca team has benn formed by Nasif Hamed Mohamed, partner M&A, Alejandro Osma, partner M&A, Iciar de Lorenzo, associate M&A, Isabella Dalmau, associate M&A, Felipe Yannone Sierra, associate M&A, José Azqueta, partner tax, Yi Zhou, associate tax team, Ana Cremades, partner energy & public law team, Cristina García Ibáñez, associate energy & public law team and Lorenzo Morejón, associate energy & public law team.

Pérez-Llorca team

Deloitte Legal team has been formed by Javier Pérez Olivares (partner), Sergio Ramírez (principal associate) and Nuria Lozano (associate).

Deloitte Legal team

Plenium Partners and SotySolar were advised by Gómez-Acebo Pombo, KPMG and EY.

GA_P team has been formed by Verónica Romaní (partner), Diego Martínez-Colino (senior associate), Jorge Martín (of counsel), Carlota Mazzucheli (lawyer) y Gemma Serra (legal trainee).

GA_P team

KPMG Abogados team has been formed by the tax team: David Pascual (director), Sandra Figuerido (senior manager), Carola Muñoz (associate) and Paula Campos; from labour Francisco Fernández (partner) and Marta Gracia (manager); and from legal Luis Mingo (partner), Ángel Bustamante (director) and Jaime Gude.

KPMG Abogados team

EY team has been formed by Araceli Sáenz de Santamaría (partner) and Juan Francisco Salanova (senior manager).

EY team

Financial advisors

Julia Gil