Kohlberg Kravis Roberts & Co. (NYSE:KKR) entered into an agreement to acquire 33.33% stake in ACCIONA Energia Internacional, S.A. from ACCIONA Energy S.A. for approximately €420 million on June 24, 2014. The agreement includes an earn-out consideration of an additional purchase price up to €50 million based on the outcome of YieldCo's public offering. Kohlberg Kravis Roberts shall make the investment through its Global Infrastructure Fund. The transaction was approved by Foreign Trade Commission on July 28, 2014. The transaction is expected to close by the end of 2014. Alvaro Membrillera, Wim De Vlieger, Manuela González-Arias, David Vann, Étienne Renaudeau, Meredith Jones and Sean FitzGerald of Simpson Thacher & Bartlett LLP acted legal advisors for Kohlberg Kravis Roberts & Co. George Bilicic, Pedro Pasquin, Enrique Namey, Jonathan Mir, Jim Rossman, Justin Palfreyman, Ignacio Calderon, Jeffrey Stine, Alfonso Ambel, Balfe Morrison, Richard Maass and Vicente Santamaria of Lazard Asesores Financieros, S.A. acted as financial advisors to ACCIONA Energy S.A. Sebastián Albella, José Giménez, Lara Hemzaoui, John Livesey and Manuel Herrero of Linklaters Slp acted as the legal advisor to ACCIONA Energy S.A. Herbert Smith Freehills New York LLP acted as the legal advisor to Kohlberg Kravis Roberts & Co. Deloitte and Greensolver acted as the due-diligence advisor on the transaction. Myron Dzulynsky, Ian Palm, Faran Umar-Khitab, Jim Smellie, Ian Mondrow, Tom Timmins, Lisa Jamieson, and Rob Blackstein of Gowling Lafleur Henderson LLP acted as legal advisors for KKR. Ernst & Young, S.L. acted as tax and legal transaction structuring provider to ACCIONA Energy S.A.

Kohlberg Kravis Roberts & Co. (NYSE:KKR) completed the acquisition of 33.33% stake in ACCIONA Energia Internacional, S.A. from ACCIONA Energy S.A. October 6, 2014.