Mattos Filho

Mattos Filho assists Equinor in acquisition of Rio Energy

Mattos Filho advised Equinor on the acquisition of Brazilian onshore renewables company Rio Energy from Denham Capital, including selected assets.

The transaction includes selected assets and the team, while Denham Capital will retain certain assets. Following the transaction, and after the carve-out of certain assets by Denham Capital, Equinor will hold a 100% stake in Rio Energy and retain the current management team and a total of about 140 employees. The acquired portfolio consists of the 0.2 GW Serra da Babilonia 1 producing onshore wind farm in the north-eastern state of Bahia, a 0.6 GW pre-construction solar PV portfolio and a project pipeline of about 1.2 GW of onshore wind and solar projects.

The transaction value was not disclosed.

Mattos Filho advised Equinor and relied on partners Felipe Rodrigues Caldas Feres, Alexandre Sales Cabral Arlota, Bruno Rodrigues Chedid, Marcel Alberge Ribas (pictured top from left to right); , Leonardo Homsy, Paula Camara Baptista de Oliveira, José Daniel Gatti Vergna, Thaís Gasparian Moraes (pictured bottom from left to right) and partner Sofia Barbosa; associates João Henrique D’Ottaviano Sette, Pedro Katz, Luiza Pessoa Nabuco, Lucas Guimarães Ribeiro, Rafael do Nascimento Fernandes Bessa, Ye Lin Kim, Lucas Custódio Santos.

Lefosse assisted Denham Capital, Rio Energy FIP Multiestratégia and Rio Energy FIP Multiestratégia II in the structuring of the transaction, including with respect to regulatory aspects, and in the negotiation of the definitive documents, together with Sidley Austin. 

Lefosse relied on partners Felipe Gibson, Felipe Boechem, Jayme Freitas, Pedro Dante, Zeca Berardo and associates Arão Kang, Alexandre Barbosa, Pedro Vargas, Leonardo Balbino, Renato Edelstein, Roberta Arakaki and Ruan Lino.