Squire Patton Boggs’ Warsaw and Prague offices have jointly represented China Central and Eastern Europe Investment Cooperation Fund (China-CEE Fund) in its acquisition of Energy 21 a.s. from Mid-Europa Partners and Darby Private Equity for an undisclosed amount.
Energy 21 a.s. is a Czech investment company specializing in the construction and operation of solar power plants. It is the largest Czech-based independent operator of photovoltaic power plants in Central and Eastern Europe, with an installed generation capacity currently of around 61 megawatts.
The China-CEE Fund was established by China Exim Bank in partnership with other institutional investors from the CEE region to capitalize on investment opportunities in CEE countries.
The Squire Patton Boggs team was led by Corporate of counsel Pawel Magierowski in Warsaw, with partner Jeff McGehee leading the Prague team of Ivan Karpjak, Marketa Topinkova and Lenka Nova. European head of Energy & Resources, partner Trevor Ingle in London assisted on the UK law aspects.
“We are delighted to act for the China-CEE Fund on its first investment into the Czech Republic,” commented Prague office managing partner Radek Janecek. “We have built up a regional team which offers one of the leading legal advisory services for private equity investors in CEE, and alongside our private equity and VC specialists we have local experts in all relevant legal areas, such as tax and regulatory, and with in-depth industry knowledge, not least in technology and renewables.”