Allen & Overy advises ACCIONA Energía on the acquisition of an 85% stake in Eqinov
03 February 2022
Allen & Overy has advised ACCIONA Energía, one of the world’s largest 100% clean energy operator, in connection with the acquisition of an 85% stake in the French company Eqinov, which specializes in corporate energy efficiency and energy management services.
Eqinov’s founders, Sylvain Lagarde and Natacha Hakwik, will maintain a 15% stake in Eqinov and will continue to oversee the company’s management, supporting its growth with the support of ACCIONA Energía.
Headquartered in Paris, Eqinov reported a €72 million turnover in 2020 and works with a portfolio of more than 2,400 clients. The company has a team of 65 professionals based in Paris, Bordeaux, Lyon, Marseille and Nantes. The company is in an ideal position within a structurally growing energy efficiency market and to become an energy flexibility and demand aggregation market leader.
For ACCIONA Energía, this operation represents the company’s entry into the French market, where it will complement Eqinov's energy and decarbonization services with its renewable energy solutions and self-consumption and services projects. ACCIONA Energía will also expand its range of energy services offered to its global customer base and in the markets in which the company operates, particularly in Spain.
The Allen & Overy team in Paris was composed of Alexandre Ancel (Partner, Mergers and Acquisitions), Flora Leon-Servière (Senior Associate, Mergers and Acquisitions) and Paul Worms and Marie Silvain (Associates, Mergers and Acquisitions). The team also included Romaric Lazerges (Partner, Public Law), Arthur Sauzay and Luc Lamblin (Counsels, Public Law), and Charles-Hugo Lerebour (Associate, Public Law).