Latham & Watkins Advises Apollo on €3.2 Billion Investment in Joint Venture With Rwe
Apollo today announced that Apollo-managed funds and affiliates have agreed to commit €3.2 billion of equity to a newly established joint venture with Germany’s largest power producer RWE. Latham & Watkins LLP has advised Apollo in the transaction.
The joint venture will be operationally controlled by RWE and hold and fund RWE’s 25.1% stake in the transmission system operator Amprion. The joint venture will provide the required equity capital for its 25.1% stake to support Amprion’s major investment program for grid expansion over the next decade, enhancing critical German energy infrastructure. The transaction is subject to regulatory approvals and customary closing conditions, with an expected close in the fourth quarter of 2025.
Latham & Watkins regularly advises Apollo on transactions.
The Latham private equity infrastructure team was led by Frankfurt partner Otto von Gruben and associate Dominik Waldvogel, with Frankfurt partners Christina Mann and Alexander Stefan Rieger, New York partner Gary Boss, and associates Ivo Wanwitz, Alexander Belk, Lena Hummel, Nikolaus Becker, Joscha Müller, Antanas Grimalauskas, and Astrid Preuss. Advice was also provided on antitrust and FDI matters by Frankfurt partner Max Hauser and Hamburg partner Jana Dammann de Chapto, with counsel Nils Bremer and associate Kamilla Zembala; on regulatory matters by Frankfurt counsel Joachim Grittmann, with associate Maxim Glusdak; on tax matters by Hamburg partners Tobias Klass and Verena Seevers, New York partner Bora Bozkurt, with associate Michael Yu; on restructuring & special situations matters by Frankfurt partner Daniel Splittgerber, with associate Joseph Saed; on finance matters by Munich partner Christian Jahn, with associate Thomas Stüber; on litigation matters by Munich partner Anne Löhner, with associate Viviane Opitz; on employment matters by Munich associate Martina Hölzer; and on real estate matters by counsel Sven Nickel, with associate Marie-Christine Welp.