Linklaters Paris Advises AIP Management on Acquisition of Significant Minority Stake in VALOREM
Linklaters Paris advises AIP Management (“AIP”), a leader in energy transition investments on a major transaction in the renewable energy sector in 2024. AIP has made an offer to acquire a significant minority stake in VALOREM, one of France’s largest independent power producers (“IPPs”).
This acquisition is part of a broader capital raise to finance VALOREM’s future growth and underscores AIP's confidence in the company’s market position and strategic direction, as the company's co-founders will retain their significant shareholding. AIP, and its co-investor IDIA, other Crédit Agricole Investors and Bpifrance (France Investissement Energie Environnement 2) will acquire a c.33% shareholding in VALOREM, with further capital commitments to finance the company’s identified pipeline of projects to materialise in the coming years.
The transaction is subject to customary regulatory approvals and is expected to close in Q1 2025.
The Linklaters Paris team was led by Corporate M&A partner Florent Mazeron, along with counsel Thomas Pontacq, managing associate Brice Trevisan, and associates Claire Yu and Laurine Pryjda in the Corporate practice. For Public Law/Energy and Infrastructure, the team included partners Fanny Mahler and François April, managing associates Thibaud Troublaïewitch, Salimatou Kaba, and Nathanaël Caillard. The team was completed by Lionel Vuidard, partner in Employment Law, with associate Cécile Romanin and Netanel Taid Kashani and Marie Raynaud and Milan Prée, associates in the Real Estate practice.
