Nuno Azevedo Neves

Nuno’s experience includes advising:

• A private equity firm on the acquisition of the second largest private owned Portuguese commercial bank, with a capitalisation of EUR4.9 billion, which was formed after a resolution measure applied by the Bank of Portugal to the former Banco Espírito Santo. The sale process was organized and coordinated by the Bank of Portugal and Portuguese Resolution Fund.
• A leading renewable energy company on the sale of its full equity shareholding in a wind portfolio located in Portugal for an enterprise value of EUR530 million (EUR2.4 million per MW). This deal was subject to customary closing adjustments.
• A Portugal-based company involved in the renewable energy sector on the financing of the portfolio acquisition contributed in the company’s EUR150 million IPO.
• On the capital increase of a leading renewable energy company by launching an offering of its shares via an accelerated bookbuild, targeting gross proceeds of c. EUR1.5 billion. This was a very innovative deal combining a share capital increase of the company amounting to EUR1.5 billion with a share loan from the energy company to a banking syndicate, as the transfer agent of the operation.
• A Chinese private conglomerate on the EUR 1bn acquisition through a privatisation process of the largest insurance group in Portugal, representing 30 percent of the country's insurance market.
• A leading European commercial bank on the acquisition of the assets and liabilities of a Portuguese commercial bank, following a resolution measure applied to the Bank by the Bank of Portugal.
• A Chinese private conglomerate on negotiating a bank insurance agreement between a Portuguese insurer and state-owned bank.
• A company in the energy sector focusing on renewable energies on the acquisition of 100% of the share capital of a company incorporated under Polish law, which operates in the field of wind and photovoltaic energy and has operations in Poland, Greece, Italy and France. As the transaction was executed in the context of the company’s IPO, this work included cooperation with the legal and financial teams involved in the IPO. The transaction also involved financing arrangements.
• A leading renewable energy company on the sale of two SPVs holding five wind farm projects (221 MW). We provided legal assistance with the M&A process, drafting and negotiation of NDAs, full legal vendor’s DD; drafting and negotiation of transaction documents, and project and regulatory matters. This transaction contributed EUR532 million of asset rotation proceeds and was within the context of the EUR8 billion asset rotation program for 2021-25.