Lawyer Monthly Magazine - February 2019 Edition

FEB 2019 79 Transactions www. lawyer-monthly .com This announcement appears as a matter of record only Polaris Acquires Generación Andina Legal adviser to DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV: Legal adviser to Oikocredit Ecumenical Development Cooperative Society UA: Legal advisers to Polaris Infrastructure Inc: Polaris Acquires Generación Andina Polaris Infrastructure announced that it closed the acquisition of 100% of the issued and outstanding shares of Union Energy Group Corp. (“UEG”). UEG is an owner and developer of run-of-river hydro projects located in Peru. As part of the UEG acquisition, Polaris Infrastructure has acquired the following assets: Canchayllo – a 5 MW project in operation since 2015; Generación Andina projects – two projects in the late stages of construction totalling 28 MW of generating capacity (El Carmen and 8 de Agosto) Karpa – a 20 MW project with a power purchase agreement in place, as well as; Portfolioof early stagedevelopment projects aggregating toapproximately 189MW. We are very pleased to have completed this transaction" stated Marc Murnaghan, Chief Executive Officer of Polaris Infrastructure, "which we expect will provide numerous benefits to the Company and its shareholders.” In connection with the Polaris acquisition, Becker, Glynn, Muffly, Chassin & Hosinski LLP advised on certain aspects of the transaction, doing work related to restructuring an existing financing of a UEG subsidiary involved in theGeneración Andina projects. The firm acted as New York international transaction counsel to Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”) and DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH ("DEG" and, together with FMO, the "Lenders") and DEG as Agent in connection with financing that the Lenders had extended in 2015 to Generación Andina S.A.C., a project company controlled by UEG (the “Financing”). Becker Glynn continued to represent FMO and DEG regarding the Financing and assisted with the negotiation and documentation of the restructuring of the Financing. The team consisted of Partner Peter Hosinski and Counsel Andrea Marquez-Bottome, with assistance from Foreign Associate Eduardo Kappel and Associate Matias Sueldo.