Munich \u2014 Private equity inves\u00adtor Altor has acqui\u00adred a majo\u00adrity stake of 80% in Kommu\u00adnal\u00adkre\u00addit Austria AG on behalf of Altor Funds. Altor will part\u00adner with the bank\u2019s exis\u00adting owners and manage\u00adment. \u2014 Inter\u00adna\u00adtio\u00adnal law firm Clif\u00adford Chance advi\u00adsed Altor on behalf of Altor Funds on the signing of the agree\u00adment to acquire a majo\u00adrity stake of 80% in Kommu\u00adnal\u00adkre\u00addit Austria AG.<\/p>\n
Altor will support Kommu\u00adnal\u00adkre\u00addit with addi\u00adtio\u00adnal capi\u00adtal to conti\u00adnue its growth trajec\u00adtory and become the leading sustainable infra\u00adstruc\u00adture plat\u00adform in Europe. The exis\u00adting long-term share\u00adhol\u00adders, Inter\u00adri\u00adtus, Trinity Invest\u00adment Manage\u00adment <\/strong>and the Austrian Asso\u00adcia\u00adtion of Muni\u00adci\u00adpa\u00adli\u00adties<\/strong>, will remain mino\u00adrity shareholders.<\/p>\n Kommu\u00adnal\u00adkre\u00addit was foun\u00added in 1958 and is a provi\u00adder of finan\u00adcing solu\u00adti\u00adons for infra\u00adstruc\u00adture and energy projects throug\u00adhout Europe. Head\u00adquar\u00adte\u00adred in Austria and with a team of 350 full-time employees, Kommu\u00adnal\u00adkre\u00addit has become a leading specia\u00adlist infra\u00adstruc\u00adture bank, finan\u00adcing some 200 projects over the past seven years with a focus on green trans\u00adfor\u00adma\u00adtion and rene\u00adwa\u00adble energy. With total assets of EUR 4.4 billion, Kommu\u00adnal\u00adkre\u00addit is expec\u00adted to gene\u00adrate net inte\u00adrest income of around EUR 120 million in 2022, repre\u00adsen\u00adting an impres\u00adsive annual growth rate of over 50% in recent years.<\/p>\n Altor Equity Part\u00adners<\/strong> is a private equity firm focu\u00adsed on lever\u00ada\u00adged buyouts and growth capi\u00adtal invest\u00adments in Sweden, Denmark, Finland, Norway and the DACH region. Since their incep\u00adtion, Altor funds have recei\u00adved a total of more than 10 billion euros in commit\u00adments. The funds are inves\u00adted in more than 85 mid-sized, predo\u00admi\u00adnantly Nordic compa\u00adnies, with the aim of crea\u00adting value through growth initia\u00adti\u00adves and opera\u00adtio\u00adnal improvements.<\/p>\n Paal Weberg (photo \u00a9 Altor), Co-Mana\u00adging Part\u00adner at Altor: \u201cKommu\u00adnal\u00adkre\u00addit has a unique posi\u00adtion as a finan\u00adcing part\u00adner for some of the most promi\u00adnent green trans\u00adfor\u00adma\u00adtion projects and we believe that toge\u00adther we can build the Euro\u00adpean cham\u00adpion in sustainable infra\u00adstruc\u00adture finan\u00adcing. Altor will support Kommu\u00adnal\u00adkre\u00addit with capi\u00adtal and resour\u00adces to streng\u00adthen its capa\u00adbi\u00adli\u00adties. In doing so, we can build on our expe\u00adri\u00adence inves\u00adt\u00ading in other leading finan\u00adcial insti\u00adtu\u00adti\u00adons and Green Tran\u00adsi\u00adtion Champions.\u201d<\/p>\n Kommu\u00adnal\u00adkre\u00addit and Altor are united in their vision to promote the tran\u00adsi\u00adtion to a green and sustainable future. Both insti\u00adtu\u00adti\u00adons have alre\u00adady gained exten\u00adsive expe\u00adri\u00adence in finan\u00adcing the tran\u00adsi\u00adtion to a sustainable economy through their invest\u00adments and invol\u00advement in sustainable infra\u00adstruc\u00adture and energy projects across Europe.<\/p>\n The Clif\u00adford Chance team<\/strong> advi\u00adsing Altor on this tran\u00adsac\u00adtion was led by part\u00adners Dr. Thomas Krecek (Frank\u00adfurt) and Dr. Mark Aschen\u00adbren\u00adner (Munich, both Corporate\/Private Equity). Clif\u00adford Chance worked closely with Wolf Theiss (Lead Part\u00adners: Andrea Grit\u00adsch and Florian Kusznier) on all Austrian legal matters.<\/p>\n About Clif\u00adford Chance Munich \u2014 Private equity inves\u00adtor Altor has acqui\u00adred a majo\u00adrity stake of 80% in Kommu\u00adnal\u00adkre\u00addit Austria AG on behalf of Altor Funds. Altor will part\u00adner with the bank\u2019s exis\u00adting owners and manage\u00adment. \u2014 Inter\u00adna\u00adtio\u00adnal law firm Clif\u00adford Chance advi\u00adsed Altor on behalf of Altor Funds on the signing of the agree\u00adment to acquire a majority [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369,1371,1372],"tags":[],"class_list":["post-47906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-deals-en","category-consultant"],"yoast_head":"\n
\n<\/strong>
\nClif\u00adford Chance, one of the worl\u00add\u2019s leading law firms, is present for its clients with around 3,400 legal advi\u00adsors in all major busi\u00adness centers around the world. In Germany, Clif\u00adford Chance is repre\u00adsen\u00adted by around 300 lawy\u00aders, audi\u00adtors, tax advi\u00adsors and soli\u00adci\u00adtors in D\u00fcssel\u00addorf, Frank\u00adfurt am Main and Munich.<\/p>\n","protected":false},"excerpt":{"rendered":"