7 June 2018. bpv BRAUN PARTNERS provided PREměření a.s. with legal services associated with the purchase of SOLARINVEST – GREEN ENERGY s.r.o. The contract was signed on May 3, 2018.
The subsidiary of the third largest electricity supplier in the Czech Republic, Pražská Energetika a.s., is offering a new comprehensive service (installing and servicing photovoltaic power plants), expanding into this new area by drawing on the experience of companies that specialise in photovoltaics. It now has access to the family-owned SOLARINVEST – GREEN ENERGY s.r.o., with more than 10 years of experience specialising in rooftop photovoltaic systems.
bpv BRAUN PARTNERS provided legal assistance in the acquisition of Solarinvest by means of a 100% share sale. Leading the transaction was head of the energy legal team and firm partner Marc Müller, supported by team members Michal Fógel and Lucie Kalašová. The team’s legal services included performing due diligence on Solarinvest, identifying and handling risks and legal issues in conjunction with PRE and Solarinvest, and preparing the transaction documentation.
Marc Müller commented, “We are very pleased that we were able to be of assistance to a leading energy trader in this major transaction, helping the company acquire years of practical experience in a new market segment.”
The acquisition was planned in relation to the amendment to the Energy Act, making it easier and more advantageous for customers to build photovoltaic power plants.