PLMJ advises Verdane on the sale of its stake in Cleanwatts

PLMJ advised European private equity firm Verdane on its divestment from Cleanwatts, a technology group in the development of renewable energy communities in Portugal, through the sale of 100% of its stake to an infrastructure fund managed by DWS. The transaction provides for DWS to invest around €150 million by 2030 to accelerate the development of energy communities in Portugal.

The PLMJ team was led by partner and co-head of Corporate M&A Duarte Schmidt Lino (pictured) and coordinated by Nuno Serrão Faria (Corporate M&A). The team also included Luís Miguel Vasconcelos (banking and finance and capital markets), João Rodrigues Duarte (tax), André da Gama Loureiro (banking and finance and capital markets), Isabel Côrte-Real (Corporate M&A) and Madalena Doutel (Corporate M&A).