Watson, Farley & Williams has advised IKAV Global Energy S.à r.l. (“IKAV”) on all relevant legal and tax aspects in regards to the acquisition of “QCII Basilicata S.r.l.“ from the insolvency administrator of Global PVQ SE (formerly Q-Cells SE).

The “QCII Basilicata S.r.l“ is a holding company of Global PVQ SE combining 40 entities. Located in the southern Italian region of Basilicata and operational since 2009, the acquired photovoltaic assets have a combined capacity of 12 MW. The purchase price amounts to tens of millions of Euros and will go directly to the creditors of the insolvent Global PVQ SE.

WFW’s Munich and Milan offices advised IKAV on both the transaction documents and the due diligence. In addition, ecoprime GmbH acted for IKAV as investment advisor.

The international WFW team was led by partners Eugenio Tranchino (Corporate, Rome/Milan) and Daniel Marhewka (Corporate, Munich). They were supported by associates Raffaele Villa (Tax, Milan), Tiziana Manenti, Luca Sfrecola (both Corporate, Rome), Carlo Cosmelli (Corporate, Milan) and Barbara Zehnder (Corporate, Munich).

McDermott Will & Emery assisted the insolvency administrator of Global PVQ SE, Mr. Henning Schorisch, in the entire auction sale process.