German team advises Treïs on Cycleenergy Holding sale
Global | Press release - Business | October 2022
Global law firm Norton Rose Fulbright has advised family-owned investor Treïs on the sale of Cycleenergy Holding GmbH to a collective of Austrian investors, consisting of INVEST AG, Industrieliegenschaftenverwaltung AG and the management team. Completion of the transaction is subject to approval by the Austrian and German competition authorities.
The Cycleenergy Group produces energy from biomass at locations in Austria and Germany. The company specializes in decentralized energy solutions and currently operates four biomass CHP plants and three pellet plants and produces around 90,000 MWh of base-load green electricity. Cycleenergy currently supplies 65,000 households and businesses with around 200,000 tons of high-quality pellets, 100,000 MWh of heat and 10,000 MWh of steam per year from renewable regional energy.
Family-owned investment group Treïs has been Cycleenergy's majority shareholder since 2011. In its eleven years of ownership, the investor has been instrumental in supporting the company's growth, such as the development of two new pellet plants in Austria and the acquisition of the Erndtebrück plant in Germany in 2020.
The Norton Rose Fulbright team was led by partner Dr. Klaus Bader and counsel Dr. Wenzel Richter (both Corporate M&A, Munich). It also included partner Dr. Tim Schaper (Antitrust, Hamburg) and associates Marianne Milovanov and Max Oskar Zeisler (both Corporate M&A, Munich). On Austrian law matters, Treïs was advised by Dr. Christoph Wildmoser and Dr. Alexander Lotz of Herbst Kinsky in Vienna.
For further information please contact:
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