White & Case advises ATLAS Infrastructure on Elia Group’s €850 million PIPE transaction

Global law firm White & Case LLP has advised specialist infrastructure investor ATLAS Infrastructure on an €850 million private investment in public equity (PIPE) transaction with Elia Group.

ATLAS Infrastructure, which invests on behalf of long term infrastructure clients, led new investors in the PIPE deal by subscribing for €234.6 million. The investment was made alongside other investors including BlackRock, the Canada Pension Plan Investment Board and Publi-T/NextGrid Holding, Elia Group's reference shareholder.

The PIPE transaction is part of a broader plan to raise approximately €2.2 billion and includes a rights issue, which is set to be completed following the close of the PIPE. As part of the agreement, the PIPE investors have committed to participate in the rights issue.

Elia Group is recognized as one of Europe's top five electricity transmission system operators.

The White & Case team which advised on the transaction included partners Tom Matthews and Sonica Tolani (both London), counsel Bree Peterson (London) and local partner Willem Van de Wiele (Brussels & Luxembourg).

Press contact
For more information please speak to your local media contact.