Lawyer Monthly Magazine - January 2019 Edition

DEC 2018 121 Transactions www. lawyer-monthly .com This announcement appears as a matter of record only Foresight Acquires Simple Power Ltd Legal adviser to Foresight Group: Financial & tax adviser to Foresight Group: Insurance adviser to Foresight Group: Technical adviser to Foresight Group: Foresight Acquires Simple Power Ltd Foresight Group LLP (“Foresight”) announced the acquisition of 100% of the equity of Simple Power Limited (“SPL”) for an undisclosed sum, comprising a portfolio of 52 onshore sub-250kW single wind turbines located across Northern Ireland. SPL has the largest distributed wind portfolio in Northern Ireland, with a total output in excess of 12MW across all the turbine sites, which benefit from some of the highest wind speeds in Europe. The 52 wind turbines are fully operational and OFGEM accredited. The portfolio qualifies for participation in the recently launched I-SEM market in Ireland. Each turbine benefits from a standardised lease, grid connection and PPA, with long-term fixed price O&M agreements in place with a number of experienced third-party contractors. In the past five years, Foresight has mobilised investment of more than £200 million into the Renewable Energy sector in Northern Ireland building a portfolio of 12 Bioenergy and Waste projects alongside this wind portfolio. Together, these projects generate enough clean energy to power the equivalent of some 66,000 homes, and Foresight has a strong pipeline of opportunities in Northern Ireland for future deployment. Deloitte’s role covered financial DD, tax DD, tax advisory and transaction structuring; all led from their Belfast office. Maquina de Vendas Completes $744 Million Restructuring Thedebt restructuringofMaquinadeVendasGroup involves approximately R$3billion (approximately US$730 million) and is considered to be Brazil's largest ever debt restructuring by a retailer. Starboard's investment, in the amount of R$250 million (approximately US$61 million), will play a fundamental role in the debt restructuring of Maquina de Vendas Group. The investment, which is subject to the fulfilment of certain conditions, will represent a 72.5% stake in Maquina de Vendas. Campos Mello worked on the due diligence of Maquina de Vendas Group, as well as the negotiation of the restructuring and preparation of the investment documents. The Campos Mello team was led by Partner Marcus Bitencourt and included partners Marcelo Araujo Pereira and Leandro Rinaldi, and associate Camila Caetano Cardoso. This announcement appears as a matter of record only Maquina de Vendas Completes $744 Million Restructuring Legal adviser to Starboard Restructuring: Legal adviser to Máquina de Vendas: