Schoenherr advised the shareholders of Resalta, one of the leading energy service companies in Central and Southeast Europe, on the disposal of a controlling stake in Resalta BV Netherlands, including its Slovenian, Croatian, Serbian, Romanian and Czech subsidiaries, to Aggreko, a leading supplier of mobile and modular power.
"We are very grateful to have been a part of this exciting journey," said Schoenherr partner Peter Gorše. "This strategic acquisition marks a significant milestone in the history of Resalta, a company that has been at the forefront of energy efficiency and sustainability in the region. Aggreko's investment is a testament to the value Resalta has created and the potential for further growth and innovation."
"This project is an outstanding example of seamless cross-border and cross-practice cooperation amongst the various legal teams involved," added partner Vid Kobe.
The firm's legal advice comprised a comprehensive sell-side legal services package, including vendor legal due diligence, transaction structuring, negotiation of the sale and purchase documentation, support between signing and closing, and a comprehensive refinancing of Resalta's indebtedness at closing. Schoenherr's Slovenian team led and coordinated the various jurisdictions involved in the project.
The deal was signed on 26 January 2024 and closed on 1 July 2024, following obtainment of regulatory clearances and fulfilment of other conditions precedent.
Resalta is one of the leading energy service companies in Central and Southeast Europe. It offers solutions suited to clients from all sectors, from ESCO services (planning, financing, realisation and maintenance of energy efficiency projects) to renewable energy production (cogeneration, trigeneration, landfill gas and biogas) to energy flexibility management. (resalta.com)
Headquartered in Glasgow, Scotland, Aggreko is a world-leading supplier of mobile and modular power, temperature control equipment and energy services. (aggreko.com)
The Schoenherr cross-border team advising Resalta's shareholders was led by Slovenian partners Peter Gorae and Vid Kobe. Further support was provided by Marko Frantar (partner), Matej Črnilec (partner), Tilen Žagar (senior associate), Maks David Osojnik (attorney at law), Manja Hubman (attorney at law) and Miriam Gajšek (associate) in Slovenian matters, Lea Mužić (attorney at law), Doroteja `turm (associate), Ksenija Šourek (attorney at law) and Dina Vlahov Buhin (attorney at law) in Croatian matters, Petr Korál (attorney at law), Jiří Marek (attorney at law) and Sebastian `peta (attorney at law) in Czech matters, Simona Lehniuc (attorney at law), Alexandra Huza (attorney at law), Alexandra Păduraru (attorney at law), Vlad Cordea (attorney at law), Cristiana Manea (attorney at law), Carla Filip (attorney at law) in Romanian matters, and Pavle Erić (attorney at law), Bojan Rajić (attorney at law) and Miloa Jokić (associate) in Serbian matters.
Rutgers & Posch (via Lennaert Posch and Laura Dingemans) acted as Dutch counsel to Resalta, while Allen & Overy Netherlands served as lead counsel to the purchaser.