De Gaulle Fleurance advises Solveo Energies on legal and tax matters on €98 million fundraising

De Gaulle Fleurance supported Solveo Energies, a French independent renewable energy producer, in a €98 million strategic fundraising led by Mirova.

Solveo Energies is continuing its development with Mirova’s acquisition of a stake in the company via the MET6 fund. This fundraising is part of its growth strategy as an independent power producer (IPP). Already a partner of SNCF under a power purchase agreement (PPA), Solveo intends to accelerate the commissioning of its projects to reach 800 MW by 2030, with nearly €875 million in investments, in line with France’s climate objectives.

As part of this transaction, Solveo Energies was advised on legal and tax matters by Sylvie Perrin and Frédéric Paquet, partner lawyers, Magalie Dejoux, senior manager lawyer, Noé Fontalba and Anna Kuhanathan, senior lawyers, and Cyril Legendre, legal advisor at de Gaulle Fleurance.

Solveo Energies was supported by Natixis Partners for the M&A aspect and Jeantet and RSG as legal advisors. Technical due diligence was carried out by Syneria and financial due diligence by KPMG.

Mirova was advised by Gottengreen on the M&A aspect, White & Case as legal advisor and PwC as financial and tax advisor. Technical due diligence was carried out by DNV.

‘We are proud to have supported Solveo Energies in this strategic fundraising alongside a leading player such as Mirova. This transaction illustrates the structuring role that renewable energies can play in the energy transition,’ said Sylvie Perrin and Frédéric Paquet, partners at De Gaulle Fleurance.