Willkie represents Technip Energies B.V. in its participation in the capital raise for McPhy, a specialist in zero-carbon hydrogen production and distribution equipment.
On October 13, McPhy, a specialist in zero-carbon hydrogen production and distribution equipment, announced the success of its capital increase without shareholders’ preferential subscription rights by means of an Accelerated Bookbuild to the benefit of certain categories of beneficiaries, for a total amount of €180 million.
Chart International Holdings, Inc. and Willkie client Technip Energies B.V., as well as historical strategic shareholders EDF Pulse Croissance Holding and Ecotechnologies Fund, managed by Bpifrance Investissement as part of the Programme d’Investissement d’Avenir, have participated in the transaction, significantly strengthening McPhy’s shareholding structure.
Memorandum of Understandings were concomitantly signed with Chart International Holdings, Inc. and Technip Energies B.V., setting collaboration frameworks to unlock new commercial opportunities globally in numerous hydrogen domains.
Technip Energies B.V. is a global energy industry project management, engineering and construction company.
The Willkie deal team, which worked in close collaboration with Henri Frédéric Hibon, Technip’s Legal Director for M&A and Corporate Finance, was led by partners Eduardo Fernandez and Gabriel Flandin and included associate Paul Dumas.