Challenging sale as BELECTRIC was at the tail-end of a corporate reorganisation from a European to a global business. We conducted a dual track process looking for acquirers or providers of financing. Formed an attractive target for investors out of a highly complex corporate structure. Achieved an attractive valuation – in particular for BELECTRIC\u2019s newly developed battery technology which had generated only minor sales for far. Bridged views of private shareholders with those of a large corporate during the sales process. Managed to align the sales process with RWE\u2019s IPO process for innogy<\/p>\n
BELECTRIC is globally active in the design and installation of utility-scale photovoltaic power plants and large scale battery systems. It has constructed more than 280 utility-scale PV power plants with a capacity of more than 1.5 GWp. Activities range from product design to plant construction right up to operation and maintenance services for PV power plants. Investec conducted an international competitive sales process and sold BELECTRIC to innogy, a company of RWE Group.<\/p>\n
RWE is a leading German utility with sales of almost \u20ac 50bn. Besides conventional power generation it is strong in wind and hydro power but lacks a position in solar energy. With the acquisition of BELECTRIC innogy is in a position to offer a full range of services in renewable energies. This will be a cornerstone of innogy\u2019s IPO equity story.<\/p>\n","protected":false},"excerpt":{"rendered":"
What we did Challenging sale as BELECTRIC was at the tail-end of a corporate reorganisation from a European to a…<\/p>\n","protected":false},"featured_media":20423,"template":"","dt":[],"sector":[26,29],"dealtype":[80,33,1336],"clienttype":[32],"class_list":["post-1374","deals","type-deals","status-publish","has-post-thumbnail","hentry","sector-business-services","sector-industrials","dealtype-carve-out","dealtype-sell-your-business","dealtype-special-situations","clienttype-family-businesses"],"acf":[],"yoast_head":"\n