goetzpartners advised Treïs
goetzpartners advised Treïs on the sale of its majority stake in the Cycleenergy Group
goetzpartners advised
Treïs on the
of its stake in the Cycleenergy Holding GmbH to a consortium of Austrian investors
Value not disclosed
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A consortium of Austrian investors, including INVEST AG, Industrieliegenschaftenverwaltung AG ("ILAG"), and, the management team has entered into a definitive agreement to acquire the Cycleenergy Holding GmbH ("Cycleenergy", "the Company")1, a biomass energy group with sites in Austria and Germany, from Treïs in a transaction that supports sustainable and regional energy production in Austria.
Cycleenergy specializes in decentralized energy solutions and currently operates four biomass power plants and three pellet plants which produce around 90,000 MWh of baseload green electricity. Cycleenergy supplies 65,000 households as well as businesses with approximately 200,000 tons of high-quality pellets, 100,000 MWh of heat, and 10,000 MWh of steam per year from renewable regional energy.
Treïs, a family-backed investment group focusing on sustainability, has been the Company's majority shareholder since 2011. During its 11 years of ownership, Treïs has invested in Cycleenergy to support its growth through the development of two new pellet plants in Austria and the acquisition of the Erndtebrück plant in Germany in 2020, delivering on the Company's strategy to become a sustainable energy solutions provider. The incoming investors are committed to the continuation and acceleration of this growth and the Company's development as a key sustainable energy player.
Fortlane Partners acted as exclusive M&A advisor to Treïs, further underlining our competence as advisor of choice in the industrials and energy sector.
About Treïs
Treïs is a family-backed investment group with offices in London and Singapore. The investment group partners with entrepreneurs and growth companies leading their industries in the transition to innovative and sustainable economic models, with a focus on resource efficiency. Treïs invests to accelerate their growth and make their positive impact a source of competitive advantage.
Further information: www.treis-group.com
About Cycleenergy
The Cycleenergy Group was founded in 2006 with the aim of developing, financing, constructing and operating decentralized sustainable energy solutions. For this purpose, local partners supply the four plants in Aschach (Upper Austria), Gaishorn (Styria), Gresten (Lower Austria) and Erndtebrück (Germany) with residual materials from forestry and the sawmill industry. The biomass power plants produce electricity, steam, heat and pellets for more than 65,000 households.
Details at: www.cycleenergy.com
Transaction team:
Gerwin Weidl
Managing Director
Dr. Jan-Hendrik Röver
Managing Director
Frieder Rieker
Analyst
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