Onex Renewables’ €530 Million Acquisition of Wind Farm Portfolio From EDPR

Cuatrecasas advised Onex Renewables on the deal while DLA Piper ABBC has advised EDP.

Onex Renewables, a subsidiary of Onex Holding, executed the acquisition of a portfolio of wind farms in Portugal belonging to EDP Renewables (“EDPR”) for €530 million.

The portfolio consists of five wind farms, three of which are operating and two of which are in the final construction phase (total output 221.4 MW). When the transaction closes, the five wind farms will be managed by Exus Management Partners, which has a strong presence on the Iberian Peninsula.

The multidisciplinary Cuatrecasas team was led by Mariana Norton dos Reis (partner in charge of Corporate and M&A) and Francisco Santos Costa (M&A partner specializing in energy), with other lawyers, including associates Miguel Lencastre Monteiro and Pedro Sacadura Botte (M&A), also participating. The finance team included partner Manuel Requicha Ferreira and consultant Margarida Leal Oliveira; the real estate team included partner Sara Quaresma and associate Gonçalo Nogueira; the public team included partner Lourenço Vilhena de Freitas and associate João Sequeira Sena.

The transaction was led by Mafalda Ferreira, Energy and Projects partner at DLA Piper ABBC and included the participation of Nuno Azevedo Neves, partner responsible for the Corporate and M&A and Energy area, partner João Costa Quinta and senior partner Nuno Castelo Branco da Corporate and M&A area, with special expertise in the Energy area.

Involved fees earner: Margarida Leal Oliveira – Cuatrecasas; Miguel Lencastre Monteiro – Cuatrecasas; Gonçalo Nogueira – Cuatrecasas; Mariana Norton dos Reis – Cuatrecasas; Sara Quaresma – Cuatrecasas; Manuel Requicha Ferreira – Cuatrecasas; Pedro Sacadura Botte – Cuatrecasas; Francisco Santos Costa – Cuatrecasas; João Sequeira Sena – Cuatrecasas; Lourenço Vilhena de Freitas – Cuatrecasas; Nuno Castelo Branco – DLA Piper; João Costa Quinta – DLA Piper;

Law Firms: Cuatrecasas; DLA Piper;

Clients: Edp Renewables; Onyx Renewable Partners;