DWF advised the ESPF 4 fund managed by KGAL on the deal. KGAL acquired 27 MW wind farm project from the Boryszew Group.
The special AIF KGAL ESPF 4 closed at the end of 2019 with 750 million euros in equity commitments and has already invested over 85 percent of its capital. The Fund is managed by KGAL, a leading independent investment and asset manager with assets under management of approximately EUR 11.2 billion and assets under administration of EUR 4 billion.
Boryszew is one of the largest industrial groups in Poland and a globally operating manufacturer focused on automotive industry, processing of non-ferrous metals and on chemical sector. It has approximately 10,000 employees in 36 manufacturing plants located in 12 countries on 4 continents. Boryszew is listed on the Warsaw Stock Exchange since 1996.
DWF advised on due diligence, preparation of documentation and its negotiation with the seller, as well as supported in closing. The deal was led by Karol Lasocki and Rafal Wozniak with Adrian Jonca advising on tax.