White & Case Advises Emerging Capital Partners, DEG and IFU of Denmark on Investment in Eranove
1 min read
Global law firm White & Case LLP has advised Emerging Capital Partners (ECP), a leading pan-African private equity firm, the German Development Finance Institution (DEG), partner to private-sector companies and financial service providers operating in developing markets, and the Investment Fund for Developing Countries (IFU-Denmark), the Danish Development Finance Institution for private sector investments in developing countries, on their investment alongside A.P. Moller Capital in the pan-African industrial group Eranove, through the creation of a new company called ECP Power & Water Holding.
ECP Power & Water Holding becomes the reference shareholder of Eranove, a pan-African industrial platform for the management of public services and the production of electricity and drinking water, in which Emerging Capital Partners (ECP) has been the largest shareholder since 2008. Eranove provides access to clean water and electricity in several countries in Africa and develops innovative solutions that help to provide access to essential services, while helping reduce the impact of global warming. The new equity capital raised will help to finance these long-term projects.
The White & Case team in Paris which advised on the transaction was led by partner Franck De Vita and included partner François-Guilhem Vaissier, partner of counsel Paule Biensan, counsel Orion Berg and associates Agathe Delalande, Anne-Liz Salapian, Alain Chan Hon and Sacha Ruffié.
For more information please speak to your local media contact.