90 LAWYER MONTHLY MAY 2023 Sirec Energy’s EuSIF Closing About the Deal Reed Smith advised Sirec Energy on the final closing of its European Sustainable Investments Fund (EuSIF), a Greek green energy fund with €70 million worth of total commitments under management. Sirec Energy is a private equity firm that specialises in energy efficiency, circular economy and energy production from renewable sources. It is also the manager of EuSIF, in which it has participated with a significant portion of its own capital. Through EuSIF, Sirec Energy invests in projects focused on renewable energy production, energy saving and the cyclical economy. EuSIF first closed in June 2021 with total commitments of €50 million. It has since developed a projects pipeline relating to energy upgrades and the repositioning of existing commercial buildings, as well as waste management, the development of solar and wind parks and the production of biofuels. Through its equity contribution, the fund is now positioned to participate in Greek projects with a total value of greater than €500 million. Reed Smith advised on the transaction, with a team comprising London-based partners Panos Katsambas and Shervin Shameli and Athens-based associate George Fountas. Transaction Interview Legal Advisor to Sirec Energy:
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