Norton Rose Fulbright has confirmed that it advised CEE Equity Partners in its acquisition -- through a special purpose vehicle — of a minority stake in Polish Energy Partners (PEP).
PEP is the biggest Polish private power company, and is, according to a Norton Rose Fulbright press release, "one of the leaders in the field of renewable energy-based power projects.” The value of the transaction was PLN 240 million (approx. EUR 60 million).
CEE Equity Partners is a private equity fund established by China Exim Bank in partnership with other institutional investors from the CEE region to capitalize on investment opportunities in the infrastructure, energy, telecom and new technology sectors in CEE countries.
Norton Rose Fulbright’s Warsaw team on the transaction was led by Private Equity Partner Pawel Bajno and Energy Partner Rafal Hajduk. As previously reported, PEP was represented by lawyers from Baker & McKenzie.