Grünwald Equity sells Deutsche Energieversorgung to EnBW

6. March 2018

Grünwald/ Grün­wald — The energy group EnBW Ener­gie Baden-Würt­­te­m­­berg AG acqui­res 100% of the shares in DEV — Deut­sche Ener­gie­ver­sor­gung GmbH. P+P advi­sed the majo­rity seller Grün­wald Equity Indus­trie GmbH. The tran­sac­tion is subject to appr­oval by the rele­vant anti­trust authorities.

DEV is a Leip­­zig-based manu­fac­tu­rer of energy storage systems with around 120 employees. Foun­ded in 2009, the company deve­lops and produ­ces intel­li­gent elec­tri­city storage systems for homes and commer­cial enter­pri­ses under the brand name SENEC. Features such as the SENEC.Cloud 2.0 and the SENEC.Cloud To Go enable owners of photo­vol­taic systems and elec­tri­city storage units to consume all of the solar elec­tri­city they gene­rate them­sel­ves and to cover their energy needs for heating and elec­tro­mo­bi­lity by gene­ra­ting their own electricity.

Grün­wald Equity invests through Grün­wald Equity Indus­tries & Services GmbH and Grün­wald Equity Indus­trie GmbH in medium-sized compa­nies, espe­ci­ally in German-spea­king count­ries. Grün­wald Equity had first inves­ted in DEV in the summer of 2016.

Advi­sors Grün­wald Equity Indus­trie: P+P Pöllath + Partners 
— Phil­ipp von Braun­schweig (Part­ner, Lead Part­ner, M&A/Private Equity, Munich)
— Alex­an­der Pupe­ter (Part­ner, Tax Law, Munich)
— Tobias Jäger (Coun­sel, Corpo­rate Law, Munich)
— Daniel Wied­mann (Coun­sel, Anti­trust Law, Frankfurt)
— Dr. Sebas­tian Rosen­tritt (Asso­ciate, Corpo­rate Law, Munich)

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