Milbank LLP advised INNIO on the execution of an agreement to acquire BHKW & Energie Holding GmbH, a long-standing sales and service partner of INNIO in Germany for many years as well as a specialist in cogeneration (combined heat and power) in addition to environmentally friendly energy solutions. The closing of the acquisition is subject to antitrust clearance.
The INNIO Group is the leading solution provider for gas engines, energy systems, a digital platform as well as supplemental services in the field of power generation and gas compression at or near the point of consumption.
The BHKW & Energie Group comprises the three affiliates Energas BHKW GmbH, EPS BHKW GmbH and EPS Rental GmbH. These companies boast a service portfolio that includes scheduling, construction, maintenance and sales of cogeneration plants (CHP) and gas engines in the 75 to 9,500 kW power range. Additional services include renting mobile CHP containers, supplying genuine spare parts, overhauling gas engines and analyzing and optimizing existing assets.
The Milbank team advised the buyer comprehensively on corporate, tax and antitrust law aspects of the transaction.
Advisor to Buyer: Milbank LLP
Andrea Eggenstein (lead, Corporate/M&A, Frankfurt), Rolf Füger (Tax, Munich), Alexander Rinne (Antitrust, Munich), Johannes Wohlmuth, Hauke Lorenzen (both Corporate/M&A, Munich), Nils Bremer (Antitrust, Munich), Moritz Philipp, Stefan Kreutzer (both Tax, Munich).
Klaus-Peter Weber (Executive General Counsel and Chief Compliance Officer), Klaus Sabel (VP Group Tax).