solar sun glinting

WFW advises Cerberus on its acquisition of Prudential’s Spanish PV portfolio

23 December 2016


International law firm Watson Farley & Williams (“WFW”) has advised Cerberus Capital Management (“Cerberus”) on their acquisition of Prudential’s Spanish photovoltaic portfolio, Infracapital Partners. With a total installed capacity of 36.4 MW the portfolio acquired by Cerberus comprises the Tordesillas, Valtierra I & II, Valtierra III, Fontellas and Lasesa PV plants.

Cerberus Capital Management is a leading international fund manager with US$29 billion currently under management worldwide. WFW Madrid has advised  Cerberus on all their Spanish renewables acquisitions  over the past 12 months, including that of Renovalia for €1bn,  the Catalan wind farms Turó del Magré and Pujalt for €100m, and the Sierra Sesnández, Loma del Capón, Magaz y Cova da Serpe II wind farms for €175m.

The WFW Madrid corporate team advising Cerberus was led by María Pilar García Guijarro, Madrid Managing Partner and Corporate Head, together with transaction Senior Associate Ana Lorenzo and Associate Fernando Santos. Partner David Diez and Associate Lidia Fernández provided regulatory advice.

María Pilar commented: “I am delighted that Cerberus chose WFW to advise them on all their Spanish renewables sector acquisitions over the past twelve months, indisputable evidence of the firm’s status as Spain’s leading law firm in this sector. That one of the world’s best known investment management firms has made so many significant acquisitions in our country in just one year also demonstrates how attractive and competitive the Spanish renewables sector is to international investors”.