Shearman & Sterling advised EFG Hermes Private Equity on the equity financing of the acquisition by Vortex, its renewable energy platform, of a 49 percent stake in an operational 664 MW portfolio of European wind assets.

The transaction is valued at €550 million and includes a portfolio of 23 wind farms in Spain, Portugal, Belgium and France. The acquisition is part of Vortex’s drive to own more than 1 GW of net installed capacity within the coming two years, and nearly doubles EFG Hermes’ private equity assets under management to $1.1 billion.

The Shearman & Sterling team was led by partners James Comyn (Abu Dhabi-Mergers & Acquisitions) and Marwan Elaraby (Abu Dhabi-Capital Markets); of counsel Chris Bright (London-Antitrust) and supported by associate Gavin Holmes (Abu Dhabi -Mergers & Acquisitions).