Skadden advises Celsia on sale of portfolio to Fontus Spain
Skadden Arps Slate Meagher & Flom has advised Celsia on the closing of the USD $194 million sale of a 188 MW renewable energy portfolio in Panama and Costa Rica to Fontus Spain, a subsidiary of EnfraGen.
This transaction involved the assumption by the buyer of credit facilities in the amount of USD 198 million. Arias Fábrega & Fábrega acted as local counsel to the lenders.
It also marks the acquisition of EnfraGen’s first Costa Rican wind power asset.
Celsia, based in Colombia and a subsidiary of Grupo Argos, is dedicated to the adoption of renewable energies in Latin America, thanks to a diversified generation portfolio, with hydroelectric, wind and solar assets in Colombia and the region, with a presence in generation, transmission, distribution and commercialisation of energy.
ARIFA’s team included Estif Aparicio, Cedric Kinschots, Donald Canavaggio and Nicolás A. Ramos.
Skadden’s team included M&A partner Paola Lozano (pictured) and associates Daniel Hernández, Juan José Romano Blanco and Emilia Arango from São Paulo; Capital Markets partner Alejandro González Lazzeri; Banking counsel Jose Nicolas Perez-Sierra; and Capital Markets associate Alejandro Ascencio Lucio from London. All attorneys are located in New York, unless otherwise noted.
