Debevoise & Plimpton LLP has advised Exponent, a leading European private equity firm, in its approximately €750 million single-asset continuation vehicle to extend its partnership with H&MV Engineering (“H&MV"), a leading global provider of specialist high-voltage electrical engineering services for data centres, battery energy storage systems, utilities and renewables.

The transaction values H&MV at €1.4 billion. The continuation vehicle was significantly oversubscribed and is backed by a high-quality consortium of existing and new institutional investors, led by Apollo S3, Pantheon and SQ Capital.

For full details, see the official release here.

The Debevoise team advising Exponent was led by partner John Rife, and included partner Tom Berry, associates Shelley Kwan and Aaron McPherson, and corporate staff attorney Bobbie Chung. Tax advice was provided by partners Matthew Saronson, Richard Ward and Jennifer Wheater, counsel Veronika Polakova, and associates Charlie Daley, and Samuel Lewis. Finance advice was provided by partner Thomas Smith, counsel Anna Moore, and associates Eoin Molloy, Daria Serebrova and Oriana Yeung.