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White & Case Advises Graanul Invest on Sale of Majority Stake to Apollo

Global law firm White & Case LLP has advised AS Graanul Invest on the sale of a majority stake to funds managed by the affiliates of Apollo Global Management, Inc.

"Our team helped to successfully navigate this important strategic investment, which will enable the Graanul team to continue to take advantage of the accelerating energy transition," said White & Case partner Ken Barry, who led the Firm's deal team. "Our role advising on this deal highlights White & Case's expertise in private equity and the renewables sector across Central & Eastern Europe."

Founded in 2003, Graanul is a world leader in biomass and bioenergy production and is the largest producer of wood pellets in Europe. The Company employs more than 500 professionals across its 12 modern pellet plants in the Baltics and U.S., as well as its six combined heat and power plants in Estonia and Latvia.

The White & Case team which advised on the transaction was led by partner Ken Barry (London), with support from local partner Thomas Glauden (Brussels) and associates Will Summers and Josephine Levick (both London), Thomas Jacques (Dubai) and Edouard de Walque (Brussels).

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