Clifford Chance Badea advised private equity fund T2Y Capital in the investment in Prime Batteries Energy Holding
Clifford Chance Badea advised T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, in relation to its strategic partnership with Prime Batteries Energy Holding, an investment making it the second-largest shareholder of the Romanian battery producer.
T2Y Capital thus marks a new significant deal for its investment strategy that aims to build European champions of the energy transition. T2Y Capital invests in profitable, dynamic and innovative companies in the field, including key supplier industries.
Prime Batteries is a leading independent provider of lithium-ion-based energy storage solutions in Europe, which operates a fully integrated value chain through an innovative business model and producing the entire storage system in-house.
A team including Nadia Badea (Partener), Loredana Ralea (Partener), Radu Costin (Counsel), Lavinia Dinoci (Counsel), Eleonora Udroiu (Counsel), Maria Moga Ciulică (Senior Associate) and Roxana Bărboi (Associate) advised T2Y Capital throughout the entire process, starting with due diligence, negotiation, drafting and signing of deal-related documents, including the agreement of the new shareholder structure, as well as the submission of the necessary documentation for investment approval by Romania’s Commission for the Examination of Foreign Direct Investments (CEISD). The closing, subject to the fulfilment of customary conditions, is expected in the second half of the year.
