Gleiss Lutz has advised Pioneer Point Partners LLP (“Pioneer”), an investment company specializing in sustainable infrastructure, on the acquisition and financing of WCG Wärme Contracting GmbH (“WCG”), a leading provider in the German heat contracting market, from EWE Vertrieb GmbH.
As part of the transaction, Pioneer and WCG entered into an ESG-linked loan agreement with Allianz Global Investors, which covers both the acquisition financing and a credit line for future investments.
With this acquisition, Pioneer aims to support the company in its next phase of growth, expand its geographic presence, and capitalize on the rising demand for heat contracting solutions.
Founded in 2008, Pioneer is a London-based European investor in sustainable infrastructure whose funds focus on value-add investments in lower-mid-market companies in the energy transition and environmental sectors across Western Europe.
WCG is one of Germany’s leading providers of residential heating contracting. The company serves approximately 21,000 customers in predominantly rural regions through an integrated “Heat-as-a-Service” model.
The following Gleiss Lutz team, led by Dr. Cornelia Topf (partner), Dr. Antonius Mann (partner) and Dr. Hendrik Hupfer (all M&A/Energy & Infrastructure, all Frankfurt) advised Pioneer:
Dr. Bosede Staudenmayer (Stuttgart), Vladislava Berbenkova (Berlin), Dr. Julia Müller, Marc Duschek (all M&A/ Energy & Infrastructure, both Frankfurt), Dr. Yixiao Li (partner, M&A, Stuttgart), Shari Heger (M&A, London), Frank Schlobach (partner), Dr. Katja Lehr (counsel), Alexander Gebhardt (counsel), Sven Neubert, Philipp Brüninghaus, Yvonne Burkhardt (all Banking & Finance, all Frankfurt), Dr. Birgit Colbus (counsel), Dr. Kristina Sirakova (both Antitrust, both Frankfurt), Dr. Ocka Stumm (partner), Dr. Johannes Heck (both Tax, both Frankfurt), Dr. Jacob von Andreae (partner, Düsseldorf), Dr. Antonia Hagedorn (both Pubic Law /Foreign Trade Law, München), Dr. Marc Ruttloff (partner), Philipp Rackevei, Shirin Mayasilci (all Public Law, all Stuttgart), Dr. Stefan Weidert (partner), Viktoria Neubelt (both IP/Tech, both Berlin), Prof. Dr. Eric Wagner (partner), Dr. Simon Wagner (counsel), Florian Schuler (all Dispute Resolution, all Stuttgart), Dr. Tobias Abend (counsel), Dr. Stefan Schaaf (both Employment, both Frankfurt), Konrad Discher (counsel), Maximilian Leisenheimer (both Real Estate, both Frankfurt), Simon Wegmann (Data Protection, Berlin).
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