Global law firm White & Case LLP has advised Yellow Door Energy on the sale of a majority stake to private equity firm Actis.
"This landmark acquisition for Yellow Door Energy achieves a strategic objective for the company and one that will support its ambitious growth plans," said White & Case partner Ali Shaikley, who led the Firm's deal team. "It is also the latest of many exciting renewable energy M&A mandates on which we have advised in recent years as we continue to play a role in the UAE's transition towards a clean energy future."
Yellow Door Energy is a Dubai-based is a sustainable energy partner for businesses, serving commercial and industrial customers in the Middle East and South Asia and a current operating portfolio of 106 megawatts , which it hopes to expand to 1 gigawatts in the future.
Through its various funds, Actis has invested in more than 70 renewable energy projects to date, generating approximately 11 gigawatts of renewable energy globally.
The White & Case team which advised on the transaction was led by partner Ali Shaikley (Dubai) and local partner Mohamed Al Hasan (Riyadh) with support from partners Nicolas Greenacre, Will Smith (both London), Yasser Riad and Alex Malahias (both Abu Dhabi) and associates Vasi Papadopoulos, Cassy Raby, Adnan Bekdur (all Dubai), Hugh Brunjes, Jennifer Riddle, Nisha Raman, Shamim Khan (all Abu Dhabi), Michael Gabriel (Riyadh), Lily Teh, Will Cashman (both London) and Mariam Mohsen ( Cairo).
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