Engie’s deal

Several firms act on ENGIE’s acquisition of Atlas’ solar portfolio

Tauil & Chequer Advogados in association with Mayer Brown advised ENGIE Brasil on the acquisition of Atlas Energia Renovável do Brasil and Atlas Brasil Energia Holding 2, controlled by Global Infrastructure Partners – GIP, owners of the Juazeiro (BA), São Pedro (BA), Sol do Futuro (CE), Sertão Solar (BA) and Lar do Sol (MG) photovoltaic complexes, which was advised by Mattos Filho Advogados, in collaboration with Latham & Watkins LLP.

The projects are operational, with energy purchase and sale contracts signed on the free and regulated market, and have a total installed capacity of 545MWac.

The total value of the acquisition will be approximately R$3.24 billion, considering the acquisition price and Atlas’ net debt. This is the largest M&A transaction in the Brazilian electricity sector and the largest renewables deal in Latin America this year, representing an important milestone in the ENGIE Group’s growth in the renewable energy segment in Brazil.

In Brazil, the Tauil & Chequer team was led by partners Débora Yanasse (pictured top left) and Bruno Salzano (pictured top center) and associate Bruno Ribeiro, with support from partners Guido Vinci, Luiz Gustavo Bezerra, Michel Sancovski, Fabio Peixinho, Francisco Todorov and Adriana Giannini, Rodolfo Tella, Liv Machado, Aline Fidelis, counsel Jessica Queiroz, and associates Niandra Soares, Isabella Giorgi, Theodoro Scott, Caio Thomé, Mariana Iecker, Luiza Uebel, Thiago Garcia, Isabella Zambo, Guilherme Galiazzi and Rebeca Liareno.

At Mayer Brown in New York, the team was led by partner Elena Rubinov (pictured top right), with the support of partner Lucas Giardelli, and associates Michael Russo, Bruno Paccola and Julia Braga.

ENGIE’s in-house legal team was led by Yuri Ledra, Henrique Verçosa, Thatiana Nogueira and Leila Belkaid.

Mattos Filho represented Global Infrastructure Management LLC and relied on partners Sabrina Naritomi (pictured bottom left), Pablo Sorj (pictured bottom right), Alexandre Arlota in Rio de Janeiro, and Fabiano Brito, associates Artur Avilla Pereira, Ye Lin Kim in São Paulo, Joana Pimentel Gomes Reimão, Pedro Andreoli Hirata.