EQT Partners AB
EQT Infrastructure II sells EEW Energy from Waste to Beijing Enterprises Holding
DGAP-News: EQT Partners AB / Key word(s): Disposal
EQT Infrastructure II sells EEW Energy from Waste to Beijing Enterprises Holding
EQT Infrastructure II has reached an agreement in principle to sell market leading energy-from-waste company EEW Energy from Waste (“EEW”) to Beijing Enterprises Holding (“Beijing Enterprises”). The agreement is only subject to clearance under the German Foreign Trade and Payments Ordinance. The transaction is expected to close end of February 2016. The equity purchase price amounts to Euro 1,438 million and the transaction represents the largest Chinese direct investment in a German company to date. Throughout its ownership, EQT Infrastructure II has supported EEW in significant growth, both organically and through selected strategic acquisitions. The management team and corporate governance structure have been strengthened, and EQT Infrastructure II has driven transformation of EEW into a highly efficient organization focused on providing long-term, environmentally friendly waste disposal solutions and energy-from-waste production. Matthias Fackler, Partner at EQT Partners, Investment Advisor to EQT Infrastructure II, said: “Over the past three years, we have used our industrial expertise to support EEW in strengthening its core business processes. Under the leadership of a new management and complementary industrial board, this has led to broadening EEW’s customer base and a very efficient organization, setting the business up well for the future. We are convinced that Beijing Enterprises Holding is the right partner to support the further development of EEW including its continued domestic and international growth.” Bernard Kemper, CEO of EEW, added: “EQT’s support and expertise have been instrumental to the optimization of business processes at EEW, and have provided a solid foundation for the company’s further growth. We look forward to future success together with Beijing Enterprises Holding, and to the continued development of the company.” EQT Infrastructure II has been advised by Morgan Stanley. Contacts About EQT EQT Infrastructure II is a EUR 1.925 billion fund investing in medium-sized infrastructure businesses in the Nordic region, parts of Continental Europe, and North America. Investment targets are regulated infrastructure, concession-based infrastructure, market-based infrastructure and infrastructure-related services. For further information, please visit www.eqt.se About EEW More information can be found on www.eew-energyfromwaste.com About Beijing Enterprises Holding
2016-02-04 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |