Oaktree Capital Management €919 million acquisition of Eolia Renovables

Overview:

• US-based private equity firm Oaktree Capital Management has acquired a controlling stake in Spain's Eolia Renovables.
• Eolia is the first Spanish private equity company to internalise its management, going from a third-party management to an in-house management structure.
• The deal was implemented through an equity swap followed by a merger, according to new regulations applicable to Spanish private equity entities, which entailed the need to interpret and apply certain new provisions.
• Eolia Renovables has a portfolio of wind and solar assets totalling 583.6MW in Spain. 
• PLEASE NOTE - Javier Carvajal advised on this matter while working at Cuatrecasas Gonçalves Pereira.

Adam Majeed - Regional editor