Clifford Chance advises Actis and Mainstream on the sale of Lekela Power in Africa's biggest renewable energy deal
Clifford Chance has advised Actis, a leading global investor in sustainable infrastructure, and global wind and solar company, Mainstream Renewable Power, on the sale of Lekela Power to a joint venture between the Infinity Group and Africa Finance Corporation. The transaction has an enterprise value of approximately US$1.5 billion and is subject to regulatory approvals and customary closing conditions.
This deal adds to Clifford Chance's recent track record of advising on successful exits of clean energy businesses in the high growth markets of Latin America and Africa. Further, it builds upon Clifford Chance's longstanding association with Lekela.
The deal required collaboration within Clifford Chance's Private Equity team, specialist renewable energy sector advice and construction expertise, amongst other things.