Global law firm Freshfields has advised Affiliated Managers Group, Inc. (AMG) – a strategic partner to leading independent investment management firms globally – on its minority investment in Qualitas Energy (Qualitas). Based in Madrid, Qualitas is a leading global investment and management platform with a dual focus on funding and developing renewable energy, energy transition, and sustainable infrastructure.

Under the terms of the transaction, Qualitas’ management team will retain majority ownership and continue to lead the organisation’s day-to-day operations, maintaining investment, strategic, and operational independence. Qualitas has to date raised approximately EUR 5 billion in capital across six funds and co-investment opportunities, which has been deployed to invest in solar, wind, batteries and storage, hydroelectric power, and renewable natural gas. The transaction is expected to close in Q4 2025, subject to customary closing conditions.

The Freshfields team advising AMG included partners Andrew Hutchings and Alfonso de Marcos, counsel Carla Gómez, senior associate Katie Stenstrom and associates Yoel Gordon and Miguel Ángel Calvo. Partner Bosco Montejo and associate Inés Palma advised on tax matters. Partner Álvaro Iza, counsel Ignacio Borrego and associates Isabel García de Paredes and Pilar Aguilar led a pan-European Freshfields team advising on antitrust and foreign investment aspects.