Global law firm White & Case LLP has advised Basalt Infrastructure Partners LP on its agreement to acquire 100 percent of the ownership interest in Comax France S.A.S. from independent US power producer Maxim Power Corp.
Basalt is an infrastructure investment firm focused on investments in energy, transportation and utility assets across the UK, Europe and North America. The Comax acquisition, which represents Basalt's seventh investment, is due to close during the fourth quarter of 2016, subject to regulatory approvals and customary closing conditions.
Comax owns and operates 32 contracted natural gas-fired electric generation facilities in France, including a number of combined heat and power facilities, with an aggregate generating capacity of 176 megawatts.
"Our first mandate advising Basalt underlines our strengths advising on cross-border transactions as well as our capabilities in the infrastructure sector," said London-based partner Marcus Booth, who led the Firm's deal team. "Our team of lawyers based in London and Paris successfully guided a deal of strategic importance to Basalt which also sends a strong signal that London-based investors remain confident about investing in Europe."
The White & Case team that advised on the transaction was led by partner Marcus Booth (London) and included partners Kirsti Massie, Victoria Landsbert (both London), Paule Biensan, François-Guilhem Vaissier and Alexandre Jaurett (all Paris), counsel Orion Berg (Paris) and associates Michael Mountain (London), Delphin Boucher, Olivier Le Bars, Celine Martinez, Charlène Ntsiba, Anna Seniuta, (all Paris) and Jamal Tuhin (London).
For more information, please speak to your local media contact.