12 November 2020
Deals | France | M&A | Energy
Gide has advised Idia Capital Investissement, subsidiary of group Crédit Agricole, on the EUR 150-million capital increase of Amarenco group, a major global solar IPP leader in sustainability.
This new capital raise of Amarenco, which follows that of April 2020 from various entities of Group Crédit Agricole, combines a share capital increase, an issuance of sustainable convertible bonds, and an equity line totalling EUR 150 million. The capital raise was subscribed by the co-founders themselves, by Tikehau Capital and by CA Transitions B (managed by Idia Capital Investissement).
Amarenco expects to have more than 1GW of projects under construction during 2021 as a result of the maturity of its development pipeline in Oman, and its external growth activity in Iberia and Asia-Pacific.
The Gide team advising Idia was headed by partner Alexis Pailleret, working with associate Chloé Bouhours on M&A/Corporate aspects, and partner Emmanuel Reille on competition aspects.
The Idia Capital Investissement team comprised Maud Minoustchin, Jean Lebreton and Guillaume Boccamaiello.
Law firms Paul Hastings and Gate Avocats advised Tikehau.
Herbert Smith Freehills and Holmes O'Malley Sexton Solicitors were counsel to Amarenco.