Dentons has advised Solarwatt GmbH on the acquisition of the distribution units of the Centrosolar brand in Europe. Centrosolar is under insolvency proceedings; its two major European distribution units in France and the Netherlands, however, are not insolvent. Solarwatt now takes them over together with the exclusive usage rights in the Centrosolar brand for the entire European market. This transaction is an opportunity for Solarwatt to extend further its market position in Europe and its portfolio.

During this transaction Solarwatt was once again advised by the Dentons team led by Partner Andreas Ziegenhagen and Counsel Dirk Schoene. The due diligence and the negotiations of the share purchase of Centrosolar France were accompanied by Partner Dr. Ralf Nitschke and Associate Patricia Leguy in the Dentons Paris office. All relevant financial issues of the transaction were settled by Thoran Thegemey, Partner with Silverton Financial Advisors.

The customer relationship between Solarwatt and Dentons was established in 2012, when the restructuring team around Andreas Ziegenhagen advised Solarwatt on the successful “shortest protective shield procedure ever” (Mazars ESUG-Radar 2014). The successful acquisition of the European distribution activities of the Centrosolar group reflects the sustainability of this restructuring.

Advisor Solarwatt GmbH:
Dentons:
Berlin: Andreas Ziegenhagen (Partner), Dirk Schoene (Counsel), Judith Specht (Associate, all Re-structuring/Corporate/M&A);
Paris: Dr. Ralf Nitschke (Partner, Corporate/M&A), Patricia Leguy (Associate), Vincent Lacombe (Partner, Tax), Yacine Nedjahi (Associate, Tax), Francois Troadec (Associate, Labour law), Acelle Rochet-d’Epenoux (Associate, Corporate), Julien Abella (Associate, IP);
Frankfurt: Dr. Constantin Rehaag (Counsel, IP)