P+P advises Grünwald Equity on sale of Deutsche Energieversorgung GmbH to EnBW
The energy group EnBW Energie Baden-Württemberg AG acquired all shares in DEV - Deutsche Energieversorgung GmbH. P+P advised the majority seller Grünwald Equity Industrie GmbH. The transaction still requires the approval of the relevant antitrust authorities.
DEV is a Leipzig-based manufacturer of energy storage systems with around 120 employees. Founded in 2009, the company develops and produces intelligent electricity storage systems for private homes and businesses under the brand name SENEC. Features such as the SENEC.Cloud 2.0 and the SENEC.Cloud To Go enable owners of photovoltaic systems and energy storage systems to completely consume the self-generated solar power themselves and to meet their energy needs for heating and electromobility through their own power generation.
Grünwald Equity invests in medium-sized companies, especially in German-speaking countries, through Grünwald Equity Industries & Services GmbH and Grünwald Equity Industrie GmbH. Grünwald Equity first invested in DEV in summer 2016.
P+P Pöllath + Partners advised the seller with the following team:
- Philipp von Braunschweig (partner, lead, M&A/private equity, Munich)
- Alexander Pupeter (partner, tax law, Munich)
- Tobias Jäger (counsel, corporate law, Munich)
- Daniel Wiedmann (counsel, antitrust, Frankfurt)
- Dr. Sebastian Rosentritt (associate, corporate law, Munich)
