VALOREM, a leading independent renewable energy operator, received a firm offer for (i) the sale by 3i Infrastructure of its entire stake of c.33% in VALOREM to AIP Management for approximately 309M€, and (ii) a fundraising by VALOREM of approximately 200M€ from a consortium composed of AIP Management and IDIA.

The founders would continue to hold the majority of VALOREM’s capital and voting rights. This investment would enable the group to pursue its commitment to remaining one of the last independent French IPPs in the sector.

The transaction planned for the first quarter of 2025 would be completed once the information-consultation procedure with VALOREM’s representative bodies has been completed and the necessary regulatory approvals have been obtained.

Clifford Chance advised VALOREM, its founders and its reference shareholder 3i Infrastructure with a team consisting of Benjamin de Blegiers and Gilles Lebreton, partners, Benjamin Saada, senior associate, and Marie Silvain, associate, on the corporate / M&A aspects, Florence Aubonnet, partner, and Clémentine Marçais, associate, on the employment aspects, as well as Quentin Hervé, senior associate, on the financing aspects.