The Dutch energy company Eneco has acquired a 50% interest in the German energy and IT company LichtBlick. Gleiss Lutz advised LichtBlick Holding AG’s shareholders in connection with the transaction.
With over 650,000 customers, LichtBlick is Germany’s largest independent provider of green electricity and green gas. As an energy and IT company, LichtBlick has also developed intelligent solutions for a clean, decentralized and networked energy environment. LichtBlick was founded in Hamburg in 1998 and generated around 670 million Euros turnover in 2015.
Eneco is the market leader in generating and trading sustainable energy in the Netherlands. It is also active in Belgium, France, the UK and other countries. LichtBlick and Eneco aim to expand business in Germany, the Netherlands and other European countries as partners and to provide leading-edge green and digital products and services to meet customers’ needs.
LichtBlick Holding AG’s shareholders – various private investors in addition to the founders and the management board – have each sold half their shares to N.V. Eneco Beheer. Closing of the transaction is subject to the condition precedent of merger clearance.
The LichtBlick shareholders were advised by the following team of Gleiss Lutz lawyers led by Dr. Patrick Mossler (partner) and Dr. Jörn Wöbke (partner) (both corporate/M&A, Hamburg): Dr. Daniel Heck (corporate/M&A, Hamburg), Dr. Johann Wagner (partner), Dr. Jens Wrede, Nico Fuchs (all tax, Hamburg), Dr. Petra Linsmeier (partner, competition/antitrust), Dr. Matthias Werner (counsel, IP) (both Munich), Dr. Alexander Molle (counsel, data protection, Berlin).
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