The transaction involved the sale of shares by the current shareholders to Mitsui and a capital increase by NEoT Capital in favour of Mitsui. After it, the three majority shareholders held an equal share of the capital.

This transaction comes on the heels of a 21 September European Commission decision to authorise the deal based on a finding that it did not raise any competition concerns.

NEoT Capital is a company offering financial advisory and asset management services in the innovative fields of mobility and low-carbon energy.

Mitsui & Co. is a global trading and investment company with operations in more than 60 countries and a diversified business portfolio covering a wide range of sectors.

Reed Smith acted for the shareholders EDF Pulse Holding and Forsee Power and for NEoT Capital, on the corporate aspects of the transaction and on the implementation of a management package, with a team led by partner Guilain Hippolyte with lawyer Marine Deyrolle.

Mitsui & Co. Ltd. was advised by Linklaters; the management of NEoT Capital was advised by Scotto Partners; and Valther advised Forsee Power on certain aspects of the transaction.