Uría Menéndez has advised leading global private markets firm Partners Group on the agreement to invest in Exus, a leading European infrastructure asset management firm focused on the renewable energy sector.
Partners Group, a leading global private markets firm acting on behalf of its clients, has agreed to invest in Exus, an international infrastructure asset management and development company focused on the renewable energy sector, together with the Company’s founders and management. Partners Group plans to commit up to €1 billion in growth capital.
Exus is a provider of asset management and project development services to owners of utility-scale solar, wind and battery storage projects in Europe and North America. The company currently manages over 11 GW of renewable energy assets and has developed 2.4 GW of assets in both geographies to date. Exus helps investors find acquisition opportunities, manage the construction of new projects, optimize technical performance and reduce risks in renewable energy portfolios.
Following the investment, Partners Group will focus on transforming Exus into a next-generation platform that builds, owns and operates renewable energy assets in both Europe and North America, while continuing to provide world-class asset management services to third parties. Partners Group will work with management on a value creation plan that will include executing on investment opportunities in the seed portfolio, growing the Company’s expertise through targeted hires, and expanding its project pipeline through acquisitions and partnerships.
Uría Menéndez Madrid team has been formed by Manuel Echenique (partner, M&A-private equity); Alex Bircham (partner, M&A-private equity); Guillermo del Río (associate, M&A-private equity); Casilda Campuzano (junior associate, M&A-private equity) and Paula Lissorgues (junior associate, M&A-private equity).
Ropes & Gray worked with Uría Menéndez as UK counsel for Partners Group on the transaction.