Onyx Strategic Investment Management I BV signed an agreement to acquire various majority stakes in coal-fired power plants of Rotterdam in the Netherlands and Farg , Zolling and Wilhelmshaven in Germany from ENGIE SA (ENXTPA:ENGI) for $220 million on April 26, 2019. ENGIE SA holds 100% of coal-fired power plants of Rotterdam in the Netherlands and Farg and Zolling and 52% stake in coal-fired power plant of Wilhelmshaven in Germany. The investment will be funded with an initial equity commitment from Riverstone Energy Limited (LSE:RSE), Riverstone Global Energy and Power Fund VI, L.P., and other Riverstone Holdings LLC's managed vehicles. The deal is subject to receipt of regulatory and other customary conditions. The deal is expected to close by September 30, 2019. The proposed transaction will reduce ENGIE’s net consolidated debt. J.P. Morgan acted as financial advisor to ENGIE. Cornelia Topf, Tim Weber, Marc Ruttloff, Markus Walter, André Lippert, Nina Ahlert, Antonius Mann, Michael Neher, Svenja Bender, Rut Steinhauser, Constanze Karwatzki, Stefan Mayer, Ocka Stumm, Dominik Monz, Johann Wagner, Hendrik Marchal, Jan Jost, Dominik Braun and Andreas Schüssel of Gleiss Lutz acted as legal advisors to Riverstone Holdings LLC. Trina Chandle, Matthew Greenberg, Jeannie Poland, Dom Kinsky, Nettie Downs, Doug Bland, Tzvi Werzberger, Blair Marsteller, John Kupiec, Caroline Phillips, Matt Dobbins, Sean Becker, Stephen Jacobson, Gina Hancock, Jenny Doak, Jason McIntosh, Andrew Callaghan, Megan James and Sarah Mitchell of Vinson & Elkins acted as legal advisor to Riverstone Holdings LLC and the Manager of Riverstone Energy Limited, parent of Onyx Strategic Investment Management I BV. Ernst & Young acted as due diligence and financial advisory for Riverstone, parent of Onyx Strategic. Onyx Strategic Investment Management I BV completed the acquisition of various majority stakes in coal-fired power plants of Rotterdam in the Netherlands and Farg , Zolling and Wilhelmshaven in Germany from ENGIE SA (ENXTPA:ENGI) on November 29, 2019.