Global law firm White & Case LLP has advised Banque des Territoires (Caisse des Dépôts Group) on the proposed sale of its minority stakes in a portfolio of biomass power plants commissioned by Akuo, an independent global renewable energy power producer and developer, to PEARL Infrastructure Capital, a specialised investment fund dedicated to financing environmental infrastructure projects.
The transaction is part of PEARL Infrastructure Capital's entry into exclusive negotiation to acquire Akuo and Idinvest's stakes in Akuo Biomass. The portfolio is made up of Picardie Biomasse Energie (PBE) and KOGEBAN, CBEM and CB Novillars biomass power plants.
Created in 2018, Banque des Territoires is one of the five business lines of Caisse des Dépôts. It brings together all internal expertise designed for the French territories. As a single client gateway, it offers tailor-made advisory and financing solutions in loans and investments in order to meet the needs of local authorities, social housing organizations, local public companies and legal professions.
The White & Case team in Paris which advised on the transaction was led by partner Marc Petitier and included associates Olivier Pâris and Hugo Chevillot.
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