26 04 2016

EFG Hermes Private Equity's €550 Million Financing of a Major Pan-European Wind Energy Portfolio Acquisition

Shearman & Sterling advised EFG Hermes Private Equity on the equity financing of the acquisition by Vortex, its renewable energy platform, of a 49 percent stake in an operational 664 MW portfolio of European wind assets.


The transaction is valued at €550 million and includes a portfolio of 23 wind farms in Spain, Portugal, Belgium and France. The acquisition is part of Vortex’s drive to own more than 1 GW of net installed capacity within the coming two years, and nearly doubles EFG Hermes’ private equity assets under management to $1.1 billion. EFG-Hermes Private Equity is a private equity and venture capital arm of EFG-Hermes Holding. The Firm, led by Karim Moussa, Abdel-Monem Omran, Samer Safwat Helal Yassa, Bakr Abdel-Wahab and Ramsay Zaki, is based in Cairo (Egypt). The Shearman & Sterling team was led by partners James Comyn (Abu Dhabi-Mergers & Acquisitions) and Marwan Elaraby (Abu Dhabi-Capital Markets); of counsel Chris Bright (London-Antitrust) and supported by associate Gavin Holmes (Abu Dhabi -Mergers & Acquisitions). Involved fees earner: James Comyn - Shearman & Sterling; Marwan Elaraby - Shearman & Sterling; Gavin Holmes - Shearman & Sterling; Christopher Bright - Shearman & Sterling;

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