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Press Releases 16 Dec 2014

LPA Munich advises Capital Stage on the acquisition of a portfolio of French solar plants

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Press Release on 16 December 2014

Capital Stage acquires largest solar plant
portfolio in company history

Munich, 16 December 2014 – LPA Munich advises Capital Stage on the acquisition of a French solar plant portfolio by way of a share deal. Capital Stage has purchased the German holding company indirectly holding the French assets.

The portfolio consisting of five solar plants is located in the region of Aquitaine in southwest France. The complete commissioning of the solar plant shall be effected until the end of December 2014. With a total power of up to 50.8 MWp, the portfolio is the largest solar plant portfolio acquired in Capital Stage’s history to date.

Having its seat in Hamburg, Germany, Capital Stage AG focusses on investing in solar and wind plants and is Germany’s biggest independent solar plant operator. With more than 40 wind and solar plant across Europe, Capital Stage’s portfolio currently produces about 364 MW in total. By way of entering into a strategic partnership with Gothaer Versicherungen, one of Germany’s leading insurance companies, Capital Stage will be furnished with EUR 150 million of profitparticipation capital in the next 20 years which, according to Capital Stage, will be invested until the end of 2015.

Seller of the portfolio is a project company of GP JOULE an international power plant project developer based in Schleswig-Holstein, Germany, which will maintain the technical and commercial operations of the entire Portfolio.

 

Advisors Capital Stage AG:

LPA Munich: Oliver Kirfel, LL.M. (Partner, lead advisor, Renewables/M&A), Andreas Feuerstein (Partner, Renewables/Banking), Marcel Graf (Associate, M&A)

 

Advisors GP JOULE:

Cornelius + Krage (Kiel): Dr. Modest von Bockum (M&A)

 

Background:

The recent acquisition is the second successful transaction in 2014 jointly realised with the help of LPA’s Munich office. In April 2014, Capital Stage had mandated LPA Paris and LPA Munich relating to the acquisition of a different French 40 MW solar plant Portfolio.

 

Contact:

LPA Rechtsanwälte Steuerberater
Oliver Kirfel, LL.M.
Weißenburger Straße 10
81667 Munich

Germany

phone: +49 (89) 242072555
okirfel@lpalaw.de