DLA Piper advises Cube Infrastructure Managers on acquisition of MVV Energie CZ
DLA Piper has advised Cube Infrastructure Managers, the Luxembourg-based independent management company focusing on European infrastructure investments, on the acquisition of 100% of the shares in MVV Energie CZ, a Czech subsidiary of German energy company MVV Energie AG.
Cube Infrastructure Managers purchased MVV Energie CZ through its Cube Infrastructure Fund III. MVV Energie CZ is a leading producer and distributor of heat in the Czech Republic. It operates in 15 cities in the country, delivering heating and energy efficiency solutions to thousands of homes and businesses. In 2021 in the Czech Republic, the Company sold 690 GWh of heat and 170 GWh of electricity, and made EUR78 million in revenue.
The transaction was signed in August of this year and it recently closed after customary closing conditions were completed.
Miroslav Dubovský, Country Managing Partner for the Czech Republic at DLA Piper comments: “We’re thrilled to have advised Cube Infrastructure on this transaction, which showcases the strength of our M&A practice, financing expertise, and our experience in the energy and infrastructure sectors. Thank you to Cube Infrastructure Fund for the opportunity to advise on this complex transaction, and to our colleagues from our DLA Piper team for their great work.”
The DLA Piper team providing corporate, acquisition finance and other advice was led by Miroslav Dubovský, Country Managing Partner and Head of the Corporate and M&A practice in Prague, and included senior associates Petr Samec, Jan Žídek, Marcel Janíček and Jan Rataj, and associates Pavlína Trchalíková, Jan Metelka and Petr Varvařovský.