ABN AMRO Energy Transition acquires stake in Ideematec Group
Amsterdam — The Dutch ABN AMRO Energy Transition Fund B.V. has agreed with the shareholders and the company on a growth financing by way of participation in the Ideematec Group. The closing of the transaction is subject to approval by the antitrust authorities, which is expected in the near future. A Heuking Kühn Lüer Wojtek team led by Düsseldorf partner Dr. Martin Imhof provided comprehensive advice to ABN AMRO Energy Transition Fund on the investment, including corporate, patent and tax law aspects.
With headquarters in Bavaria and international subsidiaries in the USA, Chile, Turkey and the UK, Ideematec is a leading global supplier of key components for solar tracking systems for the installation of photovoltaic modules in solar parks. Ideematec has so far supplied components for over 2 GW of installed photovoltaic systems on six continents. Current lighthouse projects include the installation of 350 MW in Australia and 250 MW in Jordan. With the investment and participation of ABN AMRO Energy Transition Fund, Ideematec continues its growth and secures its position as a supplier of leading technologies in the global PV market. The growth financing will enable Ideematec in particular to strengthen its presence in the MENA region, Asia and the Americas and to further expand capacity.
ABN AMRO Private Equity is part of the global ABN AMRO banking group, headquartered in Amsterdam, the Netherlands. In 2018, ABN AMRO Private Equity launched the Energy Transition Fund with the goal of adding growth capital and buyout transactions related to companies contributing to a low-carbon future to its portfolio. Currently, the Energy Transition Fund manages around €200 million and invests in companies and projects in the fields of renewable energy, clean mobility, smart infrastructure and energy efficiency. The fund typically invests in volumes between 10 and 25 million euros and focuses on companies based in northwestern Europe.
Advisors to ABN AMRO Energy Transition Fund B.V.: Heuking Kühn Lüer Wojtek:
Dr. Martin Imhof (Lead Partner, Private Equity/M&A),
Sebastian Pollmeier (Corporate/M&A),
Dr. Anton Horn (Patents),
Philipp Roman Schröler (patents),
Dr. Christian Appelbaum (Banking/Finance),
Christoph Nöhles, LL.M. (Real Estate Law),
Dr. Alexander Bork (Labor Law),
Astrid Luedtke (Data Protection),
Beatrice Stange, LL.M. (Antitrust),
Michael Vetter, LL.M. (antitrust law), all Düsseldorf
Klaus Weinand-Härer (Taxes), Frankfurt
Yvonne Hundsdörfer (Taxes), Stuttgart
Daniela Szczesny (Corporate Law), Munich
Dr. Marco Garbers, LL.M. (Energy/Projects), Hamburg