The Three Seas Initiative Investment Fund (3SIIF) (“the Fund”) is a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe (CEE) and is exclusively advised by Amber Infrastructure. 3SIIF invests in energy, transport and digital infrastructure in European Union (EU) CEE member states. The Fund has acquired a significant interest in Enery, an operations-led renewable energy developer, and was advised by E+H (Eisenberger + Herzog). The transaction was completed in May 2021.
This is 3SIIF’s first investment in the energy sector and commits significant funding to Enery to expand the company’s ground-mounted photovoltaic portfolio in Central and Eastern Europe.
The acquisition marks 3SIIF’s third portfolio investment; previous investments were in the transportation and digital sectors.
The successful transaction was led by E+H partner Marco Steiner and E+H senior associate Johannes Feilmair, LL.M., both experts in corporate law/M&A with a special focus on the energy and infrastructure sectors.
Advisers to 3SIIF
E+H: Mag. Marco Steiner (partner, corporate law/M&A, energy&infrastructure), Johannes Feilmair, LL.M. (attorney, corporate law/M&A, energy&infrastructure), Dr. Marcus Benes, LL.M., MBA (partner, banking&finance), Dr. Laurenz Liedermann, M.Jur. (partner, banking&finance), Dr. Jana Eichmeyer, LL.M. (partner, employment law), MMag. Fabian Larcher (associate, corporate law/M&A), Mag. Christian Cacic (associate, banking&finance)
White & Case (Prague and Bratislava offices): Vit Stehlik (partner, corporate law/M&A), David Wilhelm (associate, corporate and energy law)
About the Three Seas Initiative Investment Fund
3SIIF is a dedicated commercial fund targeting infrastructure investments in Central and Eastern Europe (‘CEE’). The Fund will invest in energy, transport and digital infrastructure in European Union (‘EU’) CEE member states which border the Baltic, Adriatic and Black Seas where the demand for long-term commercial investment into national infrastructure is among the highest in the EU. The Three Seas region is comprised of 12 EU CEE member states which border the Baltic, Adriatic and Black Seas.
Amber Infrastructure Group is the exclusive investment adviser to the Fund and is responsible for origination, asset management and capital raising services.