Renewable energy: PLMJ advises Ardian on the acquisition of Akuo

PLMJ advised Ardian, one of the largest private equity funds in the world, on the acquisition of Akuo, a French renewable energy producer with several projects in Portugal, some in the development and construction phase, others already in operation.

The legal advice involved a large multidisciplinary team from PLMJ, which carried out due diligence processes in respect of some of Akuo’s projects.The team also advised on issues relating to the regulatory and transactional framework, and to the contracting of W&I insurance.

The team was led by Diogo Perestrelo, partner and co-head of the Corporate M&A practice at PLMJ. His team included João Marques Mendes, partner responsible for the Energy practice at PLMJ, and lawyers Nuno Serrão Faria and David Cuba Topete (Corporate M&A), Sofia Nogueira Leite (Real Estate and Tourism) and Maria Gorjão Henriques (Public Law).

This investment accelerates the growth of Akuo’s projects and reinforces Ardian’s commitment to the energy transition.

Ardian has been investing in renewable energy since 2007, positioning itself as a pioneer in the field of energy transition.

The transaction is subject to the customary regulatory approvals.