Capcora, a consulting company based in Germany, supports a German project developer in an extensive cooperation with Qualitas Energy Deutschland GmbH (“Qualitas Energy”). The aim is to jointly bring a selected project portfolio in Germany to the ready-to-build stage. The currently planned twelve projects in various stages of development are mainly located in Baden-Württemberg. Qualitas Energy was identified as the preferred partner in a structured bidding process.
The seller chose Qualitas Energy due to attractive conditions, professional team and high transaction security. In the context of the transaction, a comprehensive cooperation between the parties was agreed. Qualitas Energy will take over project development and implementation tasks in coordination with the seller. The commissioning of the first project is scheduled for the end of 2023, further projects will follow successively in the coming years and are to be implemented by 2027 at the latest.
Niklas Hinz, Head of Investments Qualitas Energy Deutschland GmbH, is convinced: “This is an attractive opportunity for us to enter into a high-quality project portfolio at an early stage and to relieve our development partner of the increasingly complex projects. We are happy to take on pre-developed projects and can use our resources to bring them quickly to construction readiness and commissioning.”
Henning Prigge, responsible director at Capcora for this transaction, adds: “After years of intensive preliminary work in project development, our client is pleased to hand over the to a reliable and financially strong partner. In addition to financial aspects, synergy effects in the further implementation of the projects were particularly important in the selection of investors.”
Borja Caruana, Managing Director of Qualitas Energy Deutschland GmbH, added: “Going forward, we will significantly expand our greenfield project pipeline in cooperation with local project developers and invest in wind farm projects at all stages of development and in all sizes.”
The seller was legally and taxwise advised by the law firm Heuking Kühn Lüer Wojtek (Dr Peter Christian Schmidt, Sonja Groht and Dr Julius Wedemeyer, Dr Henrik Lay and Nathalie Hemmerling) while Qualitas Energy was supported by Reuther Rieche Partnerschaft von Rechtsanwälten mbB (Tim Stahlberg, Jonathan Reuther, Janina Reuther und Thomas Rieche). Tax advice to Qualitas Energy was provided by Interdata Treuhand AG (Thilo Blaser and Sami Omar). Capcora acted as M&A advisor.
About Qualitas Energy
Qualitas Energy is a leading investment and management platform focused on renewable energy, energy transition and sustainable infrastructure investments. Since 2007, the Qualitas Energy team has managed investments of more than €11 billion in renewable energies worldwide. These investments have been deployed through five vehicles: Fotowatio / FRV, Vela Energy, Qualitas Energy III, Qualitas Energy IV, and Qualitas Energy V.More specifically, the Qualitas Energy team currently manages more than 1.6 GW of energy, including more than 1 GW of solar PV, 243 MW of solar thermal power (CSP), 350 MW of wind power and 6 MW of batteries across Spain, Germany, the UK, Italy, and Poland. These operating assets currently generate enough clean energy to supply more than 250,000 homes and avoid the emission of 400,000 tons of CO2. The Qualitas Energy team is composed of more than 420 professionals across 7 offices in Madrid, Berlin, Hamburg, Wiesbaden, London, Milan, and Warsaw.
www.qualitasenergy.com
About Capcora
Capcora is a consulting firm, specialized on real assets. Capcora procures equity, mezzanine and debt financing for energy and infrastructure projects, real estate, and medium-sized companies. The focus is especially on mezzanine financing for the recapitalization of tied-up liquidity in operating assets as well as for bridge financing of developments and construction measures in the area of renewable energies (photovoltaics, onshore wind, Power-to-X) and real estate through alternative financing sources. In addition, Capcora acts as transaction manager for M&A processes (buy and sell side advisory).
www.capcora.com
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