Solarpack Corporación Tecnológica has signed a share purchase agreement for the acquisition of 100% of Solaer Holding. The value of the transaction has not been disclosed. The closing of the acquisition is expected to materialize before year end and once the customary approvals for this type of transaction are granted.
Though this acquisition, Solarpack complements its own organic growth in Spain and Italy reinforcing its leadership position as a global PV player. Founded in 2006, Solaer has an advanced portfolio of projects of more than 2.8GW in Spain and Italy and a highly-qualified team that complements Solarpack’s skills with the goal of accelerating the ambitious growth plan of the group.
The transaction is fully financed with funds provided by Solarpack’s shareholders.
CaixaBank, Linklaters, KPMG and DNV have acted as advisors to Solarpack.
Linklaters acted with Esteban Arza (pictured left), Jorge Toral (pictured in the middle), Alina Martiniva (pictured right), Sergio García, Ernesto Morell and María Vallejo.
Nomura and Ramón y Cajal have acted as advisors to Solaer. Ramón y Cajal acted with Antonio de Mariano and Javier Beltrán Yturriaga.