Allen & Overy advises ENGIE on the acquisition of Mobisol
Munich/Frankfurt am Main — Allen & Overy LLP has advised French energy group ENGIE in connection with the conclusion of an agreement to acquire Mobisol, a pioneer in off-grid solar systems. With this acquisition, ENGIE is expanding its decentralized energy offering in Africa. The transaction is still subject to approval by the relevant regulatory authorities.
Founded in 2011, Mobisol has more than 500 employees and approximately 1,200 installers as contractors. The company has installed more than 150,000 residential solar systems in Tanzania, Rwanda and Kenya, providing clean, reliable energy to more than 750,000 people in sub-Saharan Africa.
With the acquisition of Mobisol, ENGIE, which is already present in six countries through its subsidiary Fenix International, active in the field of solar installations for households, will offer solar installations in three more countries. In addition, Mobisol is active in the field of products for commercial applications. Combined with Fenix’s inclusive residential solar systems, this will allow ENGIE to offer an unprecedented range of affordable energy products and reach customers in both rural and urban areas.
The Allen & Overy team was led by partners Dr. Alexander Veith (Corporate/M&A, Munich), Alexandre Ancel (M&A, Paris) and Peter Hoegen (Restructuring/Insolvency, Frankfurt). They were supported by senior associates Dr. Christopher Kranz (Restructuring/Insolvency, Frankfurt) and Ralph Salameh (Corporate/M&A, Paris), associates Linda Mayer (Corporate/M&A, Munich), Claudia Di Paolo (Corporate/M&A, Paris), Oliver Köhler (Restructuring/Insolvency, Frankfurt) and Sean Magner (Banking and Finance, Johannesburg).
The team also included Counsel Dr. René Galle (Antitrust, Hamburg), Richard Qiang (Corporate, Beijing), Associates Anna Kräling (IP, Düsseldorf), Dr. Lisa Müller (Labor, Frankfurt), Lewis Weaver (Corporate/M&A, London), Chaohui Liang (Corporate, Beijing), Jasmine Norris (Banking and Finance, London), Hasan Kaya and Simon König (Real Estate, Frankfurt).
Advisor Mobisol: Dentons
Allen & Overy
Allen & Overy is an international law firm with approximately 5,500 employees, including approximately 550 partners, in 44 offices worldwide. Allen & Overy is represented in Germany at its offices in Düsseldorf, Frankfurt am Main, Hamburg and Munich with approximately 220 lawyers, including 47 partners. The lawyers advise leading national and international companies primarily in the areas of banking, finance and capital markets law, corporate law and M&A, tax law as well as other areas of business law.