Global law firm Linklaters has provided legal counsel to ReNew Energy Global Plc and its special committee of independent directors regarding the recent acquisition offer from a consortium spearheaded by Canada Pension Plan Investment Board (CPP Investments) and Sumant Sinha, the Founder, Chairman, and CEO of ReNew. This pivotal transaction is a private equity-led initiative to take private a UK-incorporated, Nasdaq-listed renewable energy company whose operations are entirely based in India.
Complex Transaction Structure
This intricate transaction, managed by a cross-practice team at Linklaters, is being executed in accordance with several regulatory regimes. These include the U.S. Securities and Exchange Commission (SEC) and Nasdaq rules governing “going private transactions,” English corporate law as it pertains to schemes of arrangement, as well as Indian regulations concerning tax implications and the future restructuring of the entity.
Linklaters’ Expertise
The legal team at Linklaters is led by partners Sushil Jacob, Mike Bienenfeld, and Igor Rogovoy. They are supported by a robust team in various specialties, underscoring the firm’s comprehensive approach to this landmark deal. The corporate team includes Partner Fionna Ng, Managing Associates Clement Chan and Vivasvan Bansal, and Associates Archie Prew, Mona Zhang, and Alex Whitman. The tax advisory is led by Partner Sam Lintonbon and Associate Bonnie Yeung.
Diverse Legal Disciplines Involved
Furthermore, the deal covers incentives led by Partner Cara Hegarty and Managing Associate Ben McCarthy. The antitrust and foreign investment aspects are managed by Partner Mark Daniel and Associate Kathy Choi. This diverse group of legal professionals ensures that all facets of the transaction are comprehensively addressed, from corporate governance to tax and regulatory compliance.
This transaction represents a significant milestone for ReNew Energy, showcasing the firm’s ability to navigate complex international legal landscapes. As the deal progresses, it will be closely watched by industry analysts and legal professionals, marking a notable development in the renewable energy sector.
