Cuatrecasas advises selling shareholders in EQT takeover bid for Solarpack

Investment fund EQT has announced a takeover bid for Solarpack, through its investment vehicle Veleta BidCo. The 881.2 million transaction is a milestone in the consolidation process of operators in the renewable energy sector in Spain and the largest energy investment in the Swedish financial powerhouse’s country.

The Cuatrecasas lawyers advised the shareholders selling the controlling block and promoting the process, and designed the transaction with them and with Citi as financial advisor. The advisory team—led by partner Juan Aguayo and including lawyers Lara Vettorazzi and Alejo Ortuño—worked on the transaction for over a year.