Templars advised Globeleq, an Africa-focused independent power producer and investor, on its acquisition of a 74% equity stake in CPGNL Limited, a leading commercial and industrial (C&I) power company that provides distributed power generation solutions to some of Nigeria’s largest companies. Globeleq is the largest private developer, owner & operator of independent power plants in sub-Saharan Africa. Its generation capacity exceeds 1,200 megawatts in 8 locations across 6 countries. The acquired business will be rebranded as Globeleq Power Solutions Limited. mplars advised on the assets transfer/restructuring of the business and the subsequent acquisition as well as other noteworthy matters that will ensure the continued viability of the acquired business such as the financing of CPGNL Limited and the purchase of new (and the remediation of existing) power generation assets, including their operation and mIzekor and Ojuolape Kalesanwo. Commenting on the transaction, Desmond stated “We are delighted to have supported Globeleq on this milestone transaction which will help improve electricity supply and contribute towards Nigeria’s industrial and economic growth. Considering the structural and policy challenges that have faced investments in Nigeria’s electrical grid, we are seeing a significant shift by our clients and the market towards the distributed power generation model for the electricity needs of businesses and industries. We are proud that Templars has retained its market-leading position by remaining at the forefront of advising sponsors, financiers, investors and off-takers on many of such deals including those that are in the pipeline”.