Onshore Wind

WFW advises Cerberus on the acquisition of four Spanish wind farms

22 February 2016


International law firm Watson Farley & Williams (“WFW”) successfully advised Cerberus Capital Management (“Cerberus”) on the acquisition of 100% of the share capital of four Spanish wind farms with an estimated enterprise value of €175m.

With an aggregated capacity of 105.8 MW, the four wind farms are Sierra Sesnández in Zamora (20 MW), Loma del Capón in Granada (30.6 MW), Magaz in Palencia (30 MW) and Cova da Serpe II in Lugo (25.2 MW). Cerberus acquired the projects from Sinia Renovables, Comsa Renovables, Esif and Renovis respectively.

The Madrid-based team advising Cerberus was led by Spain Managing Partner and Corporate Head María Pilar García Guijarro, assisted by corporate associate Rosana Segado and other members of the Corporate team. Partner David Diez advised on regulatory matters, and senior associate José María Anarte on the banking and finance aspects of the transaction.

María Pilar commented: “Advising Cerberus on this matter, as well as on their €1bn acquisition of Renovalia in January and the acquisition of the Turó del Magré and Pujolt wind farms last summer, demonstrates their confidence in WFW as the go-to firm for advice on their Spanish operations. It also reaffirms the attractiveness of the Spanish renewable sector to international investors such as Cerberus, who clearly recognise Spain as an exciting investment opportunity”.