Luis Montes

T&C advises financing of 19 companies of the Solargrid Group

Tauil & Chequer Advogados associated with Mayer Brown was deal counsel to G5 Partners, Solargrid and XP Investimentos in the financing of 19 companies of the Solargrid Group, carried out through two distinct operations of issue and offering of real estate receivables certificates by True Securitizadora, in the amount of approximately R$ 319 million.

The resources from the operations will be used for investments and reimbursement of expenses related to the construction and operation of 27 real estate developments composed of photovoltaic energy generating units, located in the states of Bahia, Rio de Janeiro and São Paulo.

The real estate developments were in different stages of construction and are exclusively for different clients, which made the deal more complex, as it required the team of lawyers to prepare distinct guarantees for each company and for each commercial note.

The T&C team was led by partner Luis Montes (pictured) and counsel Jessica Queiroz, and included the participation of associates Luiza Uebel and Eduardo Moraes and Beatriz Lavigne.