Freshfields advises SFC Energy AG on strategic partnership in India
Global law firm Freshfields Bruckhaus Deringer is advising listed fuel cell manufacturer SFC Energy AG on the establishment of a strategic partnership in India, namely with FC TecNrgy Pvt Ltd ("FCTec"). This strategic partnership consists, among other things, of a cross-lined equity participation between SFC India on the one hand and FCTec on the other hand, a "Make-in-India" production agreement signed on the sidelines of the summit meeting between Chancellor Scholz and Prime Minister Modi in New Delhi (India) on 25 February, and other agreements. Today, the strategic partners received a major order from the Indian Defence Forces for the supply of 450 portable methanol fuel cell systems with an initial order value of more than EUR 16 million and for the maintenance and repair of the systems over a period of 5 years. The contract is the largest fuel cell contract ever awarded by the Indian Defence Force.
SFC Energy AG is a leading global supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions. Headquartered in Brunnthal near Munich, the company operates additional production sites in the Netherlands, Romania and Canada. The company is listed in the Prime Standard and has been part of the SDAX selection index since 2022; it has a market capitalisation of over EUR 400 million.
Freshfields advised SFC Energy on the structuring of the transaction, corporate and capital markets law and ESG-related issues. Freshfields also coordinated advice from Indian law firm SD Partners on local legal issues.
The Freshfields team was led by partner Prof. Dr. Christoph H. Seibt and also included principal associates Dr. Maximilian Stöwahse and Dr. Marlen Vesper-Gräske as well as associate Dr. Felix Abetz (all Global Transactions, Hamburg).
Teams led by Freshfields partner Seibt have been advising SFC Energy comprehensively on M&A transactions, capital increases and financing, investment projects as well as corporate and capital markets law issues since the IPO in 2007.