Renewable Energies

TimberTower

Die Kohl Clean Technologies GmbH, Merzig, hat die Mehrheit an der TimberTower GmbH, Hannover, übernommen. Network Corporate Finance hat die Privatinvestoren sowie das Management der TimberTower GmbH im Rahmen der Transaktion beraten.

Kohl Clean Technologies GmbH, Merzig, has taken over the majority share of TimberTower GmbH, Hannover. Network Corporate Finance advised the private investors and the management of TimberTower GmbH in the course of the transaction.


Erneuerbare Energien / Renewables Mehrheitsübernahme / Buy Out Dezember 2011 / December 2011

  timbertower  

Transaktion Die Kohl Clean Technologies GmbH hat die Mehrheit an der TimberTower GmbH übernommen. Die Finanzierung durch die dem Unternehmer Prof. Edwin Kohl gehörende Kohl Clean Technologies GmbH ermöglicht die weitere Produktentwicklung in den kommenden Jahren.
 
Transaction Kohl Clean Technologies GmbH takes over the majority share of TimberTower GmbH. The investment of Kohl Clean Technologies GmbH owned by Prof. Edwin Kohl allows TimberTower to push product development further.
Das Unternehmen Die TimberTower GmbH baut in Hannover Marienwerder die weltweit erste Multi-Megawatt-Anlage auf einem Holzturm. Die Vensys Energy AG liefert als Hersteller getriebeloser Anlagen eine 1,5 Megawatt-Anlage, die im Frühjahr einsatzbereit sein wird. TimberTower hat nach vier Jahren Arbeit die letzten Genehmigungshürden genommen.
 
The Company TimberTower GmbH will erect the first multi megawatt wind turbine on a wooden tower worldwide in Hanover (Marienwerder). Vensys Energy AG as a manufacturer of gearless wind turbines supplies a 1.5 MW turbine that will be in use in spring 2012. After 4 years of work TimberTower finally took the last permission hurdles.
Damit ist das Produkt auf dem Weg zur Serienreife. Die Verwendung von Holz ermöglicht höhere Türme und eine längere Haltbarkeit des Turms. Zudem erhöht die Nutzung des nachwachsenden Rohstoffs die Unabhängigkeit vom Stahlpreis und sorgt mit dafür, dass die Stromgestehungskosten aus Windkraft sinken.
 
Now the product is on its way to serial production. Using wood enables higher towers and a longer lifespan of the tower. In addition, wood as a renewable resource increases independence from steel prices and helps reducing the power production costs by wind energy.
Weitere Informationen zur TimberTower GmbH:
www.timbertower.de
 
For additional information on TimberTower GmbH:
www.timbertower.de

Additional Info

  • Client TimberTower GmbH
  • Project M&A
  • Date December 2011

Reuther

Das Management der Chemie- und Tankanlagenbau Reuther GmbH (CTR Reuther) hat im Rahmen eines Management Buy-Outs die Gesellschaftsanteile der bisherigen privaten Finanzinvestoren übernommen. Network Corporate Finance hat CTR Reuther während der gesamten Transaktion beraten.

The management of Chemie- und Tankanlagenbau Reuther GmbH (CTR Reuther) has acquired the shares of the previous private financial investors. Network Corporate Finance advised CTR Reuther in connection with this transaction.


Erneuerbare Energien / Renewables Management Buy-Out / MBO November 2011

Reuther

 

Transaktion Im Rahmen einer Umstrukturierung des Gesellschafterkreises hat das Management der CTR Reuther die Gesellschaftsanteile der bisherigen privaten Finanzinvestoren übernommen.

 

Transaction In the course of an ownership restructuring the existing management of CTR Reuther has acquired the shares of the previous private financial investors.

Das Unternehmen Die Chemie- und Tankanlagenbau Reuther GmbH mit Sitz in Fürstenwalde liefert Stahlrohrtürme und Fundamenteinbauteile für Onshore-Windenergieanlagen, Offshore-Komponenten wie Tripods, Jackets und Monopiles sowie zusätzlich Apparate, Druck- und drucklose Behälter für verfahrenstechnische Anlagen. Neben Windkraftanlagenherstellern gehören somit auch Unternehmen aus der chemischen Industrie, Anlagenbau, Energiewirtschaft, Gasaufbereitung sowie der Mineralölindustrie zu den wichtigsten Abnehmern. Im Jahr 2010 erwirtschaftete das Unternehmen einen Umsatz von ca. EUR 25 Mio. Im laufenden Geschäftsjahr soll dieser auf etwa EUR 30 Mio. gesteigert werden.

 

The company Fürstenwalde based Chemie- und Tankanlagenbau Reuther GmbH supplies steel tube towers and basement built-in parts for offshore wind parks, offshore components such as tripods, jackets and monopiles as well as apparatuses, pressure and pressureless storage tanks for process industries. Beside wind power turbine manufacturers companies active in chemical industry, plant engineering, energy industry, gas processing and mineral oil industry belong to its customers. In 2010 the company had revenues of about 25 million euros. Revenues shall rise to about 30 million euros in the current financial year.

Weitere Informationen zu CTR Reuther:
http://reuther-ctr.de
  For additional information on CTR Reuther:
http://reuther-ctr.de

 

Additional Info

  • Client Reuther GmbH
  • Project M&A
  • Date November 2011

protarget AG

Eine familiengeführte Industriegruppe sowie ein privater Investorenkreis finanzieren das weitere Wachstum der protarget AG, Köln. Network Corporate Finance hat gemeinsam mit Krups Consultants die protarget AG im Rahmen der Transaktion beraten.

A family-owned industrial group and a pool of private investors finance the further development of protarget AG, Cologne. Network Corporate Finance together with Krups Consultants advised protarget AG in connection with this transaction


Erneuerbare Energien / Renewables Wachstumsfinanzierung / Growth Financing November 2011

protarget

 

Transaktion Zum Ausbau der Unternehmensaktivitäten beteiligt sich ein privater Investorenkreis an der protarget AG. Zudem stellt eine familiengeführte Industriegruppe über ein Wandeldarlehen zusätzliche Finanzmittel zur Errichtung eines Referenzkraftwerks bereit. Der sogenannte „Test Loop“ stellt den wesentlichen Meilenstein für die weitere Unternehmensentwicklung und den Beginn der Serienfertigung dar.

 

Transaction A pool of private investors has acquired a minority stake in protarget AG. Along with this equity participation the company has signed a convertible loan agreement with a family-owned industrial group. The funds will be used to finance the instalment of a component test power plant. This so-called “test loop” represents the ultimate pre-conditional milestone for commencing the envisaged international serial production.

Das Unternehmen Die protarget AG ist ein Anbieter schlüsselfertiger solarthermischer Kraftwerke und produziert Solar Energie Systeme für Anwendungsgebiete wie Industrieparks, Textil- und Lebensmittelindustrie, Maschinen- und Bergbau, Hotels und abgelegene Siedlungen. Die Kraftwerksysteme mit 1 bis 8 MW elektrischer Leistung werden zur dezentralen und unabhängigen Energieversorgung von Großverbrauchern genutzt. protarget wurde im November 2009 gegründet und hat bereits den „proof-of-concept“ sowie die Prototypenphase erfolgreich abgeschlossen. Nach erfolgreicher Umsetzung des nun finanzierten Referenzkraftwerks soll in 2012 die Serienfertigung der Solarkraftwerke beginnen.

 

The company protarget AG is a turn-key solar thermal power plant supplier and provides solar power systems for applications such as industrial parks, textile and food industry, agriculture and mining, hotels and remote settlements. Power plant systems range from 1 to 8 MW for decentralized and independent energy supply in the commercial segment. protarget was founded in November 2009 and has in the meantime already provided the proof of concept next to the completion of the initial prototyping phase. After successful implementation of the fully financed component test plant serial solar power plant production shall start in 2012.

Weitere Informationen zu protarget AG:
www.protarget-ag.de
  For additional information on protarget AG:
www.protarget-ag.de

Additional Info

  • Client protarget AG
  • Project Structured Finance
  • Date November 2011
Untitled document

Network Corporate Finance advised Abel Beteiligungs GmbH Co. KG in the secondary placement of their shares in Schmack Biogas AG.

 

abel schmack

 

Transaction


Abel Beteiligungs GmbH & Co. KG has totally disposed of its 7.7% holding (417616 shares) in Schmack Biogas AG in the course of a secondary placement. The free float was consequently increased from 85.9% to 93.6%.

Target company

Schmack Biogas AG, Schwandorf, publicly listed since May 2006, is one of the pioneers of the German biogas sector. For more than 10 years the company has been setting the standard for biogas installations having a high degree of utilisation. The range of products and services includes a complete range of services for biogas plants: from project development, planning and consents through building, commissioning, technical and biological service, right up to financing and contracting models.

Key facts

Transaction value: not disclosed
Sector: Regenerative energy
Sales: EUR 90 million (2006)
Employees: 297
Date: June 2007

Client

Abel Beteiligungs GmbH & Co. KG, Engelsberg

The role of Network Corporate Finance

Network Corporate Finance examined the various options of the secondary placement for the vendor and advised the clients with respect to the capital market transaction.beraten.

Additional Info

  • Client Schmack Biogas
  • Project ECM
  • Date Jun 07

Network Corporate Finance prepared and structured the combined secondary placement and capital increase of Schmack Biogas AG. At the same time, Network Corporate Finance advised the financial investors S-Refit, BayBG and Umweltbank on the exchange of their shareholding in Schmack Biogas AG with international institutional investors.

 

refit-baybg-umweltbank schmack

 Transaction

In the course of a combined capital increase in accordance with §186 (3) AktG and a secondary placement from existing shareholders' holding, Schmack Biogas AG increased the free float from 65.4% to 85.9%. The transaction was internationally marketed and placed with institutional investors in Europe and the USA. In the secondary placement the three financial investors S-Refit AG, Regensburg, BayBG Bayerische Beteiligungsgesellschaft mbH, Munich and UmweltBank AG, Nuremberg, fully disposed of their shareholding in Schmack Biogas AG, Schwandorf, which amounted to 13.8% of the share capital.

Target company

Schmack Biogas AG, Schwandorf, listed since May 2006, is one of the pioneers of the German biogas sector. For more than 10 years the company has been setting the standard for biogas installations having a high degree of utilisation. The range of products and services includes a complete range of services for biogas plants: from project development, planning and consents through building, commissioning, technical and biological service, right up to financing and contracting models.

Key facts

Transaction value: EUR 100 million
Sector: Regenerative energy
Sales: EUR 85 million (2006e)
Employees: 284
Date: February 2007

Clients

S-Refit AG, Regensburg, BayBG Bayerische Beteiligungsgesellschaft mbH, Munich and UmweltBank AG, Nuremberg.

The role of Network Corporate Finance

Network Corporate Finance examined various share options for the three financial investors and advised the clients with regard to the capital market transaction.

Additional Info

  • Client Schmack Biogas AG
  • Project ECM
  • Date Feb 07

 

Network Corporate Finance advised REpower Systems AG, Hamburg, on the voluntary, public takeover offer from French AREVA S.A., Paris.

 

 

Areva repower

 

 Transaction

On the 22nd of January 2007 the French Société des Participations du Commissariat à l’Energie Atomique ("AREVA"), Paris, published its decision to submit to all shareholders of REpower Systems AG a voluntary, public takeover bid to purchase their shares in accordance with the securities takeover Act ("WpÜG"). With the offer document dated 5th February 2007, AREVA offered the shareholders of REpower a purchase price of EUR 105.00 for each REpower share, which valued the company at EUR 852 million. After the Indian company Suzlon Energy Ltd. had offered the shareholders of REpower a purchase price of EUR 126.00 per REpower share in a competing takeover bid, on the 15th March 2007 AREVA increased the purchase price to EUR 140.00 for each REpower share, which is equal to a total enterprise value of EUR 1,137 million.

Target company

REpower Systems AG is one of the leading manufacturers of both onshore and offshore wind power installations. With around 880 employees worldwide, the company which has been listed since March 2002 and is headquartered in Hamburg, can draw on its experience in the production and installation of more than 1400 wind energy plants worldwide.

REpower is represented with its sales partners, subsidiaries and investments in neighbouring European markets such as France, Great Britain, Italy, Portugal and Spain, but also worldwide in Japan, China and Australia.

Key facts

Transaction value: EUR 796 million
Sector: Energy plant construction
Sales: EUR 450 million (2006e)
Employees: 880
Date: March 2007

Client

REpower Systems AG

The role of Network Corporate Finance

Network Corporate Finance advised REpower Systems AG in connection with the transaction and prepared a statement for the management board and supervisory board regarding the financial appropriateness of the offer ("fairness opinion").

Additional Info

  • Client AREVA S.A.
  • Project ECM
  • Date Sep 05

 

Network Corporate Finance advised ELBE Betreuungs- und Verwaltungs- GmbH on the placement of their shareholding in REpower Systems AG, Hamburg, Germany.

 

martifer repower

 Transaction

ELBE Betreuungs- und Verwaltungs-GmbH sold its 14.5% shareholding (782,976 shares) in the listed company REpower Systems AG, Hamburg, Germany, to Martifer – Construções metalomecânis S.A., Oliveira de Frades, Portugal, in the course of an M&A transaction.

Target company

REpower Systems AG is one of the world’s leading manufacturers of wind power generating plants, with 161 systems produced in 2004. With the REpower 5 M the company has developed the first 5 MW system, which is currently the most powerful machine in the world.

Key facts

Transaction value: not disclosed
Sector: Power plant construction
Sales: EUR 320 million
Employees: 558
Date: April 2005

Client

ELBE Betreuungs- and Verwaltungs-GmbH is a private asset management company and is owned by the company founders of REpower Systems AG.

The role of Network Corporate Finance

Network Corporate Finance examined the various exit options for ELBE and advised the clients on the sale.

Additional Info

  • Client Martifer S.A.
  • Project ECM
  • Date Apr 05