Frank\u00adfurt a. M. \u2014 KKR, a leading global inves\u00adtor, announ\u00adced that KKR has ente\u00adred into stra\u00adte\u00adgic part\u00adner\u00adship agree\u00adments with EGC, an energy services provi\u00adder based in D\u00fcssel\u00addorf. The engi\u00adnee\u00adring services provi\u00adder ITG is also part of the group. The foun\u00adding and owner family will retain a stake in the company and conti\u00adnue to serve as members of the manage\u00adment board. <\/p>\n
The former CEO of the GETEC Group in Germany, Michael Lowak, joins the group as Chair\u00adman of the Advi\u00adsory Board and will support the manage\u00adment in the stra\u00adte\u00adgic part\u00adner\u00adship with his exten\u00adsive indus\u00adtry exper\u00adtise. With KKR as a stra\u00adte\u00adgic part\u00adner, EGC aims to become the leading decar\u00adbo\u00adniza\u00adtion part\u00adner with and for the real estate indus\u00adtry in Germany and acce\u00adle\u00adrate its growth. To this end, the company will incre\u00adasingly invest in orga\u00adnic and inor\u00adga\u00adnic growth. <\/p>\n
EGC is a second-gene\u00adra\u00adtion, family-run and inde\u00adpen\u00addent provi\u00adder of energy services in Germany. The company covers the entire value chain: From the plan\u00adning and crea\u00adtion of concepts for energy and buil\u00adding tech\u00adno\u00adlogy systems to the finan\u00adcing, main\u00adten\u00adance and opera\u00adtion of heating centers and power supply networks to the supply of energy. The company mana\u00adges a real estate port\u00adfo\u00adlio of over 2 million m\u00b2 for more than 100 custo\u00admers and around 800 instal\u00adled heating centers. ITG also includes a team of expe\u00adri\u00aden\u00adced engi\u00adnee\u00adring employees for the plan\u00adning of energy and buil\u00adding tech\u00adno\u00adlogy systems and installations. <\/p>\n
The combi\u00adna\u00adtion of engi\u00adnee\u00adring exper\u00adtise with a broad port\u00adfo\u00adlio of energy services in parti\u00adcu\u00adlar crea\u00adtes good condi\u00adti\u00adons for the Group. Buil\u00addings are respon\u00adsi\u00adble for around a third of global CO2 emis\u00adsi\u00adons, mainly due to space heating and water heating. The decar\u00adbo\u00adniza\u00adtion of heating systems in buil\u00addings plays a decisive role in achie\u00adving the EU\u2019s climate targets. EGC supports land\u00adlords in deve\u00adlo\u00adping solu\u00adti\u00adons to achieve their decar\u00adbo\u00adniza\u00adtion targets. Follo\u00adwing the successful comple\u00adtion of the tran\u00adsac\u00adtion, KKR will support the company in rolling out a broad-based employee owner\u00adship and enga\u00adge\u00adment model. The program will ensure that all employees can help shape EGC\u2019s future and parti\u00adci\u00adpate in the company\u2019s future success. <\/p>\n
Corinna Pitz and Dirk Pitz, members of EGC\u2019s manage\u00adment board, said: \u201cThe coope\u00adra\u00adtion with KKR opens up comple\u00adtely new oppor\u00adtu\u00adni\u00adties for us to further expand our strong market posi\u00adtion and deve\u00adlop our group of compa\u00adnies. In KKR, we have found a part\u00adner who shares both our stra\u00adte\u00adgic goals and our entre\u00adpre\u00adneu\u00adrial approach. KKR is not only an estab\u00adlished infra\u00adstruc\u00adture inves\u00adtor, but also has many years of expe\u00adri\u00adence in working with family-run compa\u00adnies. All the more reason for us to look forward to the next growth phase with KKR, which offers many new oppor\u00adtu\u00adni\u00adties for our group of compa\u00adnies and our employees.\u201d <\/p>\n
Michael Lowak, future Chair\u00adman of EGC\u2019s Advi\u00adsory Board, says: \u201cEGC enables land\u00adlords to effi\u00adci\u00adently imple\u00adment and finance the decar\u00adbo\u00adniza\u00adtion of their proper\u00adties. The company is thus making a decisive contri\u00adbu\u00adtion to both the real estate sector and the energy tran\u00adsi\u00adtion in Germany. I look forward to contri\u00adbu\u00adting my expe\u00adri\u00adence and indus\u00adtry know\u00adledge and working with KKR to further drive EGC\u2019s growth.\u201d<\/p>\n
Ryan Miller, Mana\u00adging Direc\u00adtor in KKR\u2019s Infra\u00adstruc\u00adture team in Europe<\/strong>, comm\u00adents: \u201cTo drive the energy tran\u00adsi\u00adtion in Germany at the neces\u00adsary speed, we need crea\u00adtive solu\u00adti\u00adons and long-term capi\u00adtal. We see a growing inte\u00adrest in contrac\u00adting solu\u00adti\u00adons and great poten\u00adtial in this still very frag\u00admen\u00adted market.\u201d <\/p>\n KKR has exten\u00adsive exper\u00adtise in global infra\u00adstruc\u00adture invest\u00adments, parti\u00adcu\u00adlarly in the energy sector, and is commit\u00adted to inves\u00adt\u00ading further in the future of rene\u00adwa\u00adble energy. With appro\u00adxi\u00adm\u00adately USD 77 billion of infra\u00adstruc\u00adture assets under manage\u00adment, of which over USD 21 billion has been inves\u00adted in the energy tran\u00adsi\u00adtion, KKR brings a global invest\u00adment perspec\u00adtive, exten\u00adsive expe\u00adri\u00adence in large-scale infra\u00adstruc\u00adture projects and a proven track record in high-profile tran\u00adsac\u00adtions in Europe such as Enca\u00advis, Vantage Towers, Zenobe or Greenvolt. <\/p>\n In Germany, KKR has inves\u00adted more than EUR 18 billion in long-term equity across various alter\u00adna\u00adtive asset clas\u00adses in more than 35 compa\u00adnies since the late 1990s, prima\u00adrily in part\u00adner\u00adship with foun\u00adders, family busi\u00adnesses and corpo\u00adra\u00adti\u00adons. The stra\u00adte\u00adgic part\u00adner\u00adship with EGC builds on KKR\u2019s long track record of working with family busi\u00adnesses in Germany. KKR is making the invest\u00adment through its Global Climate Stra\u00adtegy, through which KKR invests at scale in solu\u00adti\u00adons that support the tran\u00adsi\u00adtion to a low-carbon economy. <\/p>\n About KKR Infor\u00adma\u00adtion about the Global Atlan\u00adtic Finan\u00adcial Group can be found at www.globalatlantic.com. Frank\u00adfurt a. M. \u2014 KKR, a leading global inves\u00adtor, announ\u00adced that KKR has ente\u00adred into stra\u00adte\u00adgic part\u00adner\u00adship agree\u00adments with EGC, an energy services provi\u00adder based in D\u00fcssel\u00addorf. The engi\u00adnee\u00adring services provi\u00adder ITG is also part of the group. The foun\u00adding and owner family will retain a stake in the company and conti\u00adnue to serve as [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":54247,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-54249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\n<\/strong>
\n KKR is a leading global inves\u00adtor provi\u00adding alter\u00adna\u00adtive asset manage\u00adment, capi\u00adtal markets and insu\u00adrance solu\u00adti\u00adons. It focu\u00adses on gene\u00adra\u00adting attrac\u00adtive invest\u00adment returns through a long-term and disci\u00adpli\u00adned invest\u00adment approach, employ\u00ading highly skil\u00adled profes\u00adsio\u00adnals and support\u00ading growth in the assets where KKR has a presence. KKR finan\u00adces funds that invest in private equity, credit products, real assets, and \u2014 through stra\u00adte\u00adgic part\u00adners \u2014 hedge funds. KKR\u2019s insu\u00adrance subsi\u00addia\u00adries offer pension, life and reinsu\u00adrance products under the manage\u00adment of Global Atlan\u00adtic Finan\u00adcial Group. Refe\u00adren\u00adces to KKR\u2019s invest\u00adments may also refer to the acti\u00advi\u00adties of funds mana\u00adged by KKR and its insu\u00adrance subsi\u00addia\u00adries. Further infor\u00adma\u00adtion: www.kkr.com.<\/p>\n
\n
\nAbout EGC
\n<\/strong>
\n EGC is a second-gene\u00adra\u00adtion, family-run and inde\u00adpen\u00addent provi\u00adder of energy services in Germany. The company covers the entire value chain: From the plan\u00adning and crea\u00adtion of concepts for energy and buil\u00adding tech\u00adno\u00adlogy systems to the finan\u00adcing, main\u00adten\u00adance and opera\u00adtion of heating centers and power supply networks to the supply of energy. The company mana\u00adges a real estate port\u00adfo\u00adlio of over 2 million m\u00b2 for more than 100 custo\u00admers and around 800 instal\u00adled heating centers. EGC\u2019s custo\u00admers include private and public housing asso\u00adcia\u00adti\u00adons, insti\u00adtu\u00adtio\u00adnal real estate inves\u00adtors such as insu\u00adrance compa\u00adnies, banks and invest\u00adment compa\u00adnies. The group of compa\u00adnies provi\u00addes services for new and exis\u00adting buil\u00addings, both for indi\u00advi\u00addual proper\u00adties and for entire real estate port\u00adfo\u00adlios. With ITG, the group also includes a team of expe\u00adri\u00aden\u00adced engi\u00adnee\u00adring employees for the plan\u00adning of energy and buil\u00adding tech\u00adno\u00adlogy systems and faci\u00adli\u00adties. www.egc-fm.de<\/p>\n","protected":false},"excerpt":{"rendered":"