Uría, L&W, EY Abogados assist in Trilantic €425m acquisition of Gransolar

Uría Menéndez has advised Trilantic Europe on its recent 60% investment in Gransolar´s stake, counselled by EY Abogados and Latham & Watkins

Gransolar is a leading international player in the design, construction and promotion of solar energy plants and solutions. Trilantic Europe is a mid-market, pan-European private equity firm. Trilantic Europe seeks opportunities where the firm’s pan-European network and local market expertise, sectorial knowledge and operational value-added resources can be leveraged.

Gransolar is integrated across the solar photovoltaic value chain, being a global leader in the design and manufacturing of trackers, a key component in utility-scale solar plants. The company is also participating in the development of new projects up to the ready-to-build stage, the construction of new plants, and the development and integration of energy storage solutions.

Gransolar is headquartered in Madrid, Spain and has global operations, with a presence in Europe, Australia, North America, South America and the Middle East.

The transaction is pending customary regulatory approvals.

Uría Menéndez has advised Trilantic Europe with a team led by Madrid office M&A-Private Equity partner Jaime Pereda Espeso (pictured left).

EY Abogados´ team was made up of, for Tax matters partner Elena Sánchez (pictured top right) and senior manager Leire Arlabán, for Legal matters Digital Law partner Blanca Escribano, Urban Planning and RE partner Ana López Muiña, Commercial senior manager Carmen Esteban, Regulatory senior manager Beatriz Ruiz Herrero, Data Protection senior manager Luis Cisneros, IP manager Claudia Sevilla, Urban Planning and Real Estate manager Susana Orgilles. For Labour matters; partner Isabel Merenciano Gil, senior manager Miguel Prado and manager Marina López Martín.

Latham & Watkins multidisciplinary and cross-border team was led by José Antonio Sánchez-Dafos, Corporate partner in Latham & Watkins’ Madrid office, together with Tax partner Jordi Domínguez, Competition partner José María Jiménez-Laiglesia and Public Law counsel José María Alonso. Corporate lawyers María del Pilar Villanueva and Elena Martínez de Luco and Tax and Competition associates Juan Rodríguez and Carlos Betoret completed the transaction team. James Barker, a partner in the Regulatory department of the Washington D.C. office, has advised on the licensing aspects of CFIUS in the United States.

Desire Vidal