14 03 2016

Beijing Enterprises acquires EEW Energy

Mayer Brown, Clifford Chance and P+P Pöllath have advised on the deal


Chinese company Beijing Enterprises acquired EEW Energy from Waste group, headquartered in Helmstedt in Lower Saxony, from Swedish private equity investor EQT. At almost EUR 1.44 billion, it is thus far the largest direct investment by a Chinese company in Germany. EQT acquired 51% of EEW Energy from Waste through E.on at the beginning of 2013 and took over the remaining shares last summer. The transaction requires a so-called clearance certificate of the German Federal Ministry of Economics. With over 1,000 employees, EEW is one of the largest specialized suppliers in the generation of power and heat from thermal recycling and waste disposal in Germany. The company's 18 facilities in Germany, the Netherlands and Luxembourg can turn about 4.7 million tons of waste per year into electricity, industrial steam or district heating. The company's turnover in 2014 was approx. EUR 539 million. The purchaser, Beijing Enterprises Holdings, is listed on the Hong Kong stock exchange and is interested in acquiring international know-how and new technology. Mayer Brown has advised Beijing Enterprises with a team including¬† Klaus Riehmer (Picture), Chester Wong,¬† Ulrike Binder (M&A), Jan Kraayvanger (Dispute Resolution), Andreas Lange, Markus Strelow (Banking & Finance),¬† Jens Schmidt (Antitrust), Volker Junge (M&A), Jan Streer,¬† Marius Boewe, (M&A), Andreas Hilfrich (Real Estate), Malte Richter (M&A), Isabelle van Sambeck (Employment), Christiane M√ľhe (Banking & Finance), Konstantin von Werder, Ana Bruder¬†(IP&IT), Philipp Berrsche (Real Estate), S√∂ren Pru√ü, Stefanie Skoruppa, Tina Hoffmann (M&A), Marco Maurer, J√∂rg Salzmann (Employment), Edward Lau (Capital Markets). Clifford Chance has advised EQT with a team led by Markus Muhs, Frederik M√ľhl, Kerstin Kopp, Joachim Hasselbach (M&A),¬† Bj√∂rn Heinlein (Energy), Taner Hassan (Banking & Finance), Barbara Mayer-Trautmann (Banking & Finance), Stefan Simon (Employment), David Elshorst (Real Estate), Marc Besen (Antitrust), Wenzel Richter, Caroline Lutz, Susanne Werry, Ayleen Hermann, Paul Bock, Christian Nordholtz (M&A),¬†Nicholas Kinnersley¬†(Banking & Finance), Matthias T√∂ke, Cristian Cranmore (Banking & Finance), Martin Weitenberg, Lukas Ernst (M&A)
P+P Pöllath + Partners advised EQT with regard to the existing management participation model with Benedikt Hohaus (Executive Compensation), Barbara Koch-Schulte (tax), Lorena Joana Echarri (Executive Compensation) and Julian Winkler (Executive Compensation). Involved fees earner: Benedikt Hohaus - P+P Pöllath + Partners; Lorena Joana Echarri - P+P Pöllath + Partners; Julian Winkler - P+P Pöllath + Partners; Barbara Koch-Schulte - P+P Pöllath + Partners;

IAIR TV

see all videos

LATEST ISSUE
Powered by Share Trading

Everlasting
POPULAR ARTICLES
Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&

IAIR AWARDS & CEO SUMMIT 2015 IN DUBAI

20/11/2015

It took place on 19 November 2015 at Palace Downtown in Dubai the 19th edition of the I