Green Giraffe advised EnBW on the acquisition of 100% of Valeco, a French IPP totalling more than 2 GW of onshore wind and PV projects
Green Giraffe was mandated by German utility EnBW to assist in the acquisition of French independent power producer Valeco. Jointly owned by the Gay family and public investment bank CDC, Valeco is one of the top operators of renewable energy generation assets in the French market with a portfolio of more than 2 GW.
Green Giraffe advised on the acquisition process including support in the preparation of the NBO and BO, assistance throughout the due diligence phase, preparing the financial model and assistance in the management of the SPA negotiation process until signing of the documentation in March 2019. The transaction closed on 3 June 2019
Key figures
- 135 people in the onshore wind and solar sectors
- Installed capacity of 276 MW of onshore wind power and 56 MW of solar power
- Project pipeline of 1,700 MW
