Cerberus Capital Management has completed the sale of Renovalia Energy Group to Italian infrastructure and energy fund F2i.
Renovalia specialises in renewable energy such as wind power, photovoltaic power and hydro power. It operates in Spain, Mexico, Chile, Italy, Hungary and Canada and has 805 megawatts in operation.
Fund manager Cerberus has around $42 billion of assets under management. Renovalia has an asset portfolio valued at approximately €1.4 billion.
Cerberus was advised by Watson Farley & Williams' Madrid office – the firms’ team was led by office managing partner María Pilar García Guijarro (pictured) and included Javier Ruffin and Enrique Thomas de Carranza.
F2i was advised by Uría Menéndez.