International legal practice Norton Rose Group has advised Denham Capital Management LP, the US energy and commodities private equity firm, on its partnership with Fotowatio Renewable Ventures, a leading global operator in photovoltaic and thermosolar energy based in Spain.
The partnership will invest up to $191 million in solar energy projects in different jurisdictions around the world, including in Australia, Europe, South Africa and South America.
Norton Rose Group fielded a team from its London, Sydney and Amsterdam offices for the deal. The team was led by London partners Stephen Rigby and Jason Moss. Saskia Blokland (partner) led the work in Amsterdam, and Tim Woodforde (partner) led the work in Sydney.
Transactional tax advice was also given by Louise Higginbottom in London and Remco Smorenburg in Amsterdam.
Stephen Rigby, corporate partner at Norton Rose LLP commented:
“This deal is indicative of the continued private equity interest in the solar market, especially in areas like Australia, South Africa and South America. There’s a real confidence that this is a sector worth backing.
“For our part, it was particularly pleasing to pull together such an international team to meet the needs of Denham Capital. It’s a true example of high quality advice being coordinated and delivered across continents.”
Spanish legal advice was provided to Denham Capital by Juan Ignacio Gonzalez Ruiz of Uria Menendez.
For further information please contact:
UK
Gavin Collins, PR manager, Norton Rose LLP
Tel: +44 (0)20 7444 2466; Mob: +44 (0)7770 650 113
gavin.collins@nortonrose.com
Australia
Teneille Rennick, senior communications adviser, Norton Rose Australia
Tel: +61 2 9330 8926; Mob: +61 418 982 442
teneille.rennick@nortonrose.com
Holland
Barbara Gage, business development executive, Norton Rose LLP
Tel: +31 (0)20 462 9370; Mob: +31 (0)6 1502 7332
barbara.gage@nortonrose.com
Notes for editors
Norton Rose Group is a leading international legal practice. We offer a full business law service to many of the world’s pre-eminent financial institutions and corporations from offices in Europe, Asia, Australia, Canada, Africa, the Middle East, Latin America and Central Asia. Knowing how our clients’ businesses work and understanding what drives their industries is fundamental to us. Our lawyers share industry knowledge and sector expertise across borders, enabling us to support our clients anywhere in the world. We are strong in financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and pharmaceuticals and life sciences.
We have more than 2900 lawyers operating from over 40 offices in Abu Dhabi, Almaty, Amsterdam, Athens, Bahrain, Bangkok, Beijing, Bogotá, Brisbane, Brussels, Calgary, Canberra, Cape Town, Caracas, Casablanca, Dubai, Durban, Frankfurt, Hamburg, Hong Kong, Johannesburg, London, Melbourne, Milan, Montréal, Moscow, Munich, Ottawa, Paris, Perth, Piraeus, Prague, Québec, Rome, Shanghai, Singapore, Sydney, Tokyo, Toronto and Warsaw; and from associate offices in Ho Chi Minh City and Jakarta.
Norton Rose Group comprises Norton Rose LLP, Norton Rose Australia, Norton Rose Canada LLP, Norton Rose South Africa (incorporated as Deneys Reitz Inc), and their respective affiliates.