Epuron Acquisition Of Cottbuser Halde wind park

Epuron, which is backed by Impax, has acquired the 28MW wind park Cottbuser Halde from Danish group Green Wind Energy.

Impax New Energy Investors II L.P. (INEF II), the owner of the Hamburg and Paris-based EPURON, has provided the necessary funding for EPURON to acquire Cottbuser Halde wind farm. INEF II is an investment fund administered by Impax Asset Management Limited, one of the leading administrators of listed and private equity funds for environmental investments on the market.

The total installed capacity of the Cottbuser Halde wind farm is 28MW, comprising 14 Vestas V90 wind turbines and has been in operation since the beginning of 2009. Long-term project financing is in place with Deutsche Kreditbank.

EPURON develops finances, builds and operates wind farms in Germany and France. The acquisition of Cottbuser Halde wind farm is an important investment for EPURON, as it more than doubles EPURON’s existing German operating wind portfolio from 23MW to 51MW.

Chris Beckmann, Director at Merrill DataSite Germany, led on the provision of the virtual data room used in the deal, which was instrumental throughout the due diligence process.

Chris has a history of working in the finance industry and has assisted sellers, buyers, law firms, banks and advisors in many transactions over the past eight years with Merrill, and has previously worked with Gorrissen Federspiel, the law firm on this deal, on a number of international transactions.

Chris’ role in the project was to facilitate creation of a secure, online, fully searchable document repository that hosted thousands of confidential documents necessary to the successful completion of the Cottbuser Halde wind park sale. Bech-Bruun’s German Business Group, which is the name of Bech-Bruun’s interdisciplinary, international team focusing on German/Danish legal issues, has assisted EPURON in the acquisition of the Cottbuser Halde wind farm in Brandenburg, Germany.

M&A Corporate specialists, Ole Nørgaard (partner) and Sarah Weber (associate) led the transaction, with assistance from Carsten Ceutz, corporate recovery partner, and Arne Riis, tax partner.