Uría Menéndez advises Brookfield Asset Management on the sale of Saeta Yield to Masdar
September 19, 2024
UM is advising Brookfield Asset Management on the sale of Saeta Yield to Masdar (Abu Dhabi Future Energy Company), a renewable energy company in the United Arab Emirates, for USD 1.4 billion.
Saeta Yield is one of the largest independent power producers (IPPs) in the Iberian Peninsula, with an operating portfolio of 745 MW (538 MW of wind assets and 63 MW of photovoltaic assets in Spain, and 144 MW of wind assets in Portugal). It also has 1.6 GW of assets under development.
Leading the transaction are Manuel Echenique Sanjurjo (partner, M&A - Private Equity, Madrid), Alex Bircham (international partner, M&A - Private Equity, Madrid), Miguel Stokes (partner, M&A - Capital Markets, Lisbon) and David López Pombo (partner, Tax, Madrid). Their team includes Eduardo Bayona Gálvez (managing associate, M&A - Private Equity, Valencia), Gonçalo Andrade e Sousa (managing associate, Energy - Infrastructure, Lisbon), Casilda Campuzano García-Espejo (senior associate, M&A - Private Equity, Madrid) and Paula Lissorgues Egea (associate, M&A - Private Equity, Madrid).