Dentons advised CEE Equity Partners, the investment advisor for the China-CEE Fund, on the acquisition of three Czech subsidiaries of ContourGlobal. As part of the share deal, China-CEE Fund acquired three solar power plants in the Czech Republic with a combined capacity of around 6.0 MWp.

With committed funds of US$435 million, the China-CEE Fund was established by China Exim Bank in partnership with institutional investors to capitalize on investment opportunities in Central and Eastern Europe (CEE). The fund has been particularly active in investing in the renewable energy sector. This is China-CEE Fund's second investment in renewables in the Czech Republic, the first being its acquisition of a solar power company, Energy 21, in January 2016. It also acquired several wind farms in Poland in 2014 and 2015.

Dentons' Prague office provided buy-side M&A advice to CEE Equity Partners. The team was led by Jan Procházka, Co-Head of the Corporate Group in Prague and Bratislava, and included Associates Vojtěch Novák and Ondřej Čech.

Jan Procházka commented on the deal, "As this transaction demonstrates, we are seeing increased interest from Chinese investors in the Czech Republic. With more than 25 years of experience in CEE and an unmatched presence in China, Dentons is uniquely placed to advise Chinese inward investors and companies looking to do business with them."

Headquartered in the US, ContourGlobal produces electrical power at 61 different plants located in 20 countries across three continents. This transaction represents its exit from the Czech market.

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