We are pleased to announce that Rymarz Zdort Maruta has advised the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (“3SIIF,” the “Fund”), a dedicated commercial fund advised by Amber Infrastructure and targeting infrastructure investments in Central and Eastern Europe, on their investment in R.Power SA (“R.Power” or the “Company”), a leading European independent power producer active in solar PV and battery storage.
3SIIF will invest €150 million in the Company in exchange for a minority stake, with an option to increase its investment further to €250 million in total. The investment is subject to merger control approval.
3SIIF invests in energy, transport and digital infrastructure in European Union CEE member states which border the Baltic, Adriatic and Black Seas (the Three Seas Region) where the demand for long-term commercial investment into national infrastructure is among the highest in the EU.
Amber Infrastructure Group, a UK based specialist international investment manager focused on investment origination, asset management and fund management, is the exclusive investment adviser to the Fund, responsible for origination, asset management and capital raising services.
R.Power S.A. is a pioneer in supporting the decarbonisation of the Polish energy system through the development of solar energy, with a growing presence in Italy, Portugal, Spain, Germany and Romania. The Company’s activities cover the entire value chain of the solar energy sector, including the development of PV power plant projects, PV power plant engineering, procurement, construction, operations and maintenance, and the production of green energy (as an IPP).
“Congratulations to 3SIIF on their first investment in Poland on the renewable energy market. We are delighted to have assisted our Client and are looking forward to future projects” – says Jakub Krzemień, a partner leading the transaction team.
The transaction team was led Jakub Krzemień, a partner from the corporate department. He was supported by Marek Durski, a partner and a head of the Energy & Natural Resources practice, and by Paweł Zdort, a managing partner and a co-head of the Corporate/M&A practice. The transaction team also included: Łukasz Lech (counsel), Adrian Augustyniak (senior associate), Piotr Wawrzeniuk (senior associate), Honorata Skibicka (senior associate), Klaudia Kasztelewicz (associate), Weronika Iskierska (associate), Izabela Skrzypczak (associate), Engjell Sokoli (associate).
The antimonopoly aspects of the transaction were handled by attorneys from the Competition/Antitrust practice, including Iwona Her (partner) and Tomasz Kordala (senior associate).