EQT Infrastructure V fund managed by EQT Partners AB made an offer to acquire Solarpack Corporacion Tecnologica, S.A. (BME:SPK) from Beraunberri, S.L., Burgest 2007 Sl, Landa LLC and others for approximately 880 million on June 15, 2021. Under the terms, EQT made this offer for 33.3 million shares of Solarpack at 26.5 per share. The transaction will be funded via necessary cash resources and bank. In case of termination, the non-breaching party shall be entitled to obtain from the breaching party a penalty for an aggregate amount of 5 million. The offer will be conditional upon reaching a minimum acceptance level of 75% plus one share, as well as receipt of Spanish antitrust authorities approval. EQT Infrastructure V intends to seek the delisting of the Solarpack's shares, subject to applicable regulatory approval and corporate consents and formalities. As of The transaction requires that the offer should be accepted by the security holders, who must represent at least 75% plus one share of Solarpack's capital stock, with voting rights. As on July 7, 2021, The National Securities Market Commission (CNMV) approved the transaction. As of July 27, 2021, Solarpack's board of directors has approved the constitution of the monitoring committee for the public offer for the acquisition of shares (OPA) formulated by Veleta BidCo, an investment vehicle of the EQT group. Beraunberri, Burgest 2007 and Landa LLC have irrevocably committed to accept the offer in relation to a total of 16.9 million shares, together representing approximately 50.9 % of Solarpack's capital. Javier Amantegui, Samir Azzouzi, Jaime Almenar, Carme Briera Dalmau, María Begoña Barrantes Díaz of Clifford Chance S.L.P. acted as legal advisor to EQT Infrastructure V. Credit Suisse Group AG (SWX:CSGN) acted as financial advisor to EQT Infrastructure V. Juan Aguayo of Cuatrecasas acted as a legal advisor to Beraunberri. JP Morgan AG acting as financial advisor and Uría Menéndez Abogados as legal advisor to Solarpack Corporacion Tecnologica, S.A. for the transaction.