Uría Menéndez advises Holaluz-Clidom

Uría Menéndez advised Holaluz-Clidom, S.A. on the acquisition of 100% of Bulb Energía Ibérica, a Spain-based unit of collapsed UK electricity supplier Bulb which was placed into special administration in its native country after facing financial difficulties amid raging gas prices.

Team: Antonio Herrera (partner, M&A-Private Equity, Barcelona); Javier Redonet (partner, Capital Markets, Madrid); Albert Llorens (associate, M&A-Private Equity, Barcelona); Miguel Morales (partner, Tax, Barcelona); Alfonso Gutiérrez (partner, Competition, Madrid); Alex Bircham (international partner, M&A-Private Equity, Madrid); David López Velázquez (counsel; M&A-Private Equity, Madrid).

Bulb Energia Iberica has around 23,000 retail and SME customers in Spain as of December 2021,