Milbank LLP advised EQT Infrastructure III fund (“EQT Infrastructure”) on the sale of its stake in G+E GETEC Holding GmbH (“GETEC”) to the Infrastructure Investments Fund (“IIF”), an investment vehicle advised by J.P. Morgan Investment Management. EQT, a purpose-driven global investment organization, has more than €70 billion in assets under management across 27 active funds.
Headquartered in Magdeburg, Germany, GETEC offers sustainable energy solutions to industrial and real estate companies. It operates more than 11,500 energy generation assets across nine European countries with more than 5.2 GWth cumulative installed capacity and over 2,200 employees.
The agreement is subject to customary regulatory approvals and the transaction is expected to close by the end of Q1 2022.
Milbank advised EQT Infrastructure comprehensively on corporate, M&A and antitrust aspects of the transaction.
The Milbank team was led by partner Markus Muhs and included partner Sebastian Heim (both Corporate/M&A, Munich), partner Alexander Rinne (Antitrust and Foreign Investment, Munich) and associates Wenzel Richter, Laura Treublein, David Schwenneker and Caroline Lutz (all Corporate/M&A, Munich), Nils Bremer (Antitrust and Foreign Investment, Munich), Sandra Feil (Corporate/M&A, Munich), Susanne Schricker (Antitrust and Foreign Investment, Munich) as well as transaction lawyer Antonia Fichtner (Corporate/M&A, Munich).
