Latham & Watkins LLP has advised the leading global infrastructure investment firm Antin Infrastructure Partners (Antin) on the acquisition of a majority stake in Blue Elephant Energy AG (BEE). Antin’s Flagship Fund V will become the renewable energy company’s new majority shareholder to support its growth strategy. BEE will be the first investment of Antin’s Fund V. In addition to the management team, the founding and major shareholders Blue Elephant Venture GmbH, Jahr Assetmanagement GmbH, and ATHOS also remain on board at BEE.
The parties have agreed not to disclose the financial details of the transaction, which is expected to close in Q4 2022. The transaction remains subject to obtaining customary regulatory clearances.
The Latham team was led by Munich partner Burc Hesse, Düsseldorf partner Tobias Larisch, and Frankfurt partner Sebastian Pauls, with partner Susanne Decker, Düsseldorf associates Katharina Intfeld, Jaschar Mirkhani, and Jakob Baldes, Madrid associates José Luis Bootello and Carmen Herrera, and Milan associates Chiara Stanzione and Margherita Vitale. Advice was also provided on tax matters by Munich counsel Ulf Kieker, with associate Philipp Lauer; on regulatory matters by Frankfurt counsel Joachim Grittmann; on antitrust matters by Frankfurt associates Anne Haas and Nicolas Jung; on finance matters by Frankfurt partner Torsten Volkholz, with associate Luca Brandi, Munich associate Alexander Nagel, and Milan associate Simona Di Marcantonio; and on litigation matters by Madrid associate Leticia Sitges.