Taylor Wessing advised the Danish company Kaiserwetter Solar Invest ApS on the disposal of a portfolio of solar parks. The portfolio comprises 14 solar plants with a total output of 29.66 megawatts.

The purchaser is an affiliate of Cerberus Capital Management (Cerberus), a global leader in alternative investing.
In connection with the acquisition of the shares in the German and Spanish companies holding and operating the solar park portfolio, Cerberus also purchased a portfolio of loans associated with the companies held by HSH Nordbank AG.

The purchase agreement for the acquisition of the solar park portfolio was concluded on 10 May 2017 and closed on 30 June 2017 following the approval of the German Federal Cartel Office.

Kaiserwetter Solar Invest ApS is a Danish enterprise specialising in structured solutions for distressed assets in the wind farm and solar plant sectors.

Cerberus, founded in 1992, comprises one of the world’s leading private investment firms with approximately US$34 billion under management in various investment funds and accounts. Cerberus holds controlling or significant minority interests in companies around the world. Cerberus is headquartered in New York City, with offices in Chicago and Los Angeles, and certain affiliated advisory companies maintain advisory offices in Amsterdam, London, Belfast, Frankfurt, Madrid, Tokyo, Dublin and Beijing.

Taylor Wessing Germany: Lead Alexander Roth (Partner, Distressed M&A) and Dr. Frank Koch (Partner, Corporate) – both Hamburg; Dr. Marco Hartmann-Rüppel (Partner, Competition, EU & Trade), Dr. Jens Wiesner (Partner, Banking & Finance), Dr. Angela Menges (Salary Partner, Corporate), Lucas de Ponte (Associate, M&A) – all Hamburg; Clemens Niedner (Partner, Banking & Finance), Dr. Michael Beyer (Associate, Banking & Finance) – both Frankfurt