January 21, 2013
Weil advised the existing management team of BNP Paribas Clean Energy Partners in connection with the tax aspects of its spin-off from BNP Paribas Investment Partners into an independent advisory firm called Glennmont Partners. Glennmont Partners is one of Europe’s largest fund managers focusing exclusively on investment in clean energy infrastructure. Glennmont Partners will continue to manage Clean Energy Fund which raised €437 million in 2010. Since 2007, the Glennmont team has invested more than €1 billion in 12 clean energy infrastructure projects generating in excess of 300 MW in total. Its aggregation strategy spreads assets across large markets including the UK, Ireland, France, Portugal and Italy.
London Tax partner Jonathan Kandel led the matter, assisted by associate Ian Ferreira.