SK&S M&A team advised renewable energy producer Sunly Land AS, based in Tallinn, Estonia, who joined forces with Alseva Group in a transaction where Sunly Land acquired 100% of Alseva Group and the owners of Alseva Group acquired a shareholding in Sunly. Alseva Group is one of the leading developers and general contractors of large-scale photovoltaic farms on the Polish market.
Sunly is a leading renewable energy company active in the Baltics Region and Poland. It develops solar and wind power projects and manages a renewable energy and electrification portfolio of start-ups. It commenced its operations in 2019, operates solar farms with the capacity of 31 MW and has another 100 MW solar farms under construction, mostly in Poland.
Asleva is one of the leading developers and general contractors of large-scale photovoltaic farms on the Polish market. It provides innovative solutions for the RES sector since 2015. Alseva specializes in large-scale photovoltaic farms, providing professional support at every stage of the investment.
Sunly Land AS was represented by SK&S M&A team consisting of Witold Kurek (Senior Counsel) and Michał Dawidowicz (Senior Associate), supervised by Krzysztof Cichocki (Partner).
The SK&S M&A team was supported by lawyers working in various legal departments: Łukasz Wyszomirski (Senior Counsel, Energy Law), Adam Warchocki (Associate, Energy Law), Andrzej Sikorski (Associate, Energy Law), Kacper Kurowski (Associate, Corporate / M&A), Marek Oleksyn (Senior Counsel, IP Law), Piotr Rafalski (Junior Associate, IP Law), Żaneta Urbaniak (Associate, State Aid), Mateusz Blocher (Senior Associate, Banking & Finance), Joanna Mróz-Bednarz (Associate, Banking & Finance), Lidia Malinowska (Junior Associate, Banking & Finance), Filip Sodulski (Senior Associate, Labour Law), Adrianna Gnatowska (Associate, Data Protection), Tomasz Duchniak (Senior Associate, Real Estate) and Aneta Bąk (Junior Associate, Real Estate).
Closing of the transaction is expected in the first quarter of 2022. For more information on the transaction click here: https://sunly.ee/en/sunly-joins-forces-with-polish-solar-power-developer-alseva-group/
