CERASUS Handels- und Beteiligungs GmbH (CERASUS) has sold Biomasse Heizkraftwerk Paffenhofen GmbH (BHKW Pfaffenhofen) to Danpower GmbH for US$10 million.
BHKW Pfaffenhofen is engaged in the production of electricity and heat based on biomass. The company operates a 22 km heat distribution network.
The Danpower Group is a medium-sized heat supplier and contracting company based in Potsdam. Danpower is active in Germany and in the Baltic states. The majority interest of 84.9 % is owned by Stadtwerke Hannover AG. The company supplies customers with heat, electricity and cooling in the commerce as well as the housing industry.
CERASUS, founded in 2011 and based in Austria, is a holding company investing in domestic and foreign enterprises.
Oaklins team in Vienna advised the seller in this transaction. Prior to this, the team was mandated in 2012 by Hypo Alpe-Adria-Bank International AG to perform an independent business review for refinancing purposes of the target. Based on the outcome, our team was mandated to make an operative and financial restructuring and was asked to take over a trustee function for an envisaged sell-side process. After an insolvency plan process, the transaction was closed in April 2014.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.