Watson Farley & Williams (WFW) has advised the independent French renewable energy operator Valorem Group on the preparation of a legal due diligence report for its 6.6 GW European projects portfolio.
This is part of a proposed €200 million fundraising effort and the sale of 3i Infrastructure's stake in Valorem. Both transactions are expected to be completed by the first quarter of 2025.
The €200 million cash injection will come from a consortium comprised of AIP Management and IDIA. AIP Management is also acquiring 3i Infrastructure’s 33% stake. GSO, IRDI, and Bpifrance, through its France Investissement Energie Environnement 2 fund, will retain their stakes in Valorem Group.
Valorem Group operates in the French West Indies, Finland, Greece, and Poland, and has financed over 865 MW.
