Virgin Green Fund has purchased a stake in the solar cell manufacturer Odersun AG, which has its headquarters in Frankfurt an der Oder. Virgin Green Fund is a fund belonging to the Virgin Group that specialises in investments in renewable energies. Virgin Green Fund’s investment is part of a financing round that also involved Doughty Hanson. The investment volume totals more than EUR 60 million.
Odersun AG manufactures solar cells, modules and applications for the production of electricity from sunlight. It develops and manufactures, among other things, non-silicon thin-film solar cells of different size and output categories using the CISCut process.
Virgin Green Fund was advised by a Gleiss Lutz team consisting of Dr. Ralf Morshäuser (partner, corporate/M&A, Munich), Dr. Alexander Schwarz (partner, corporate/M&A, Frankfurt), Dr. Burghard Hildebrandt (partner, state aid, Berlin), Dr. Matthias Müller (corporate/M&A, Frankfurt), Dr. Christina Gräfin von Schweinitz (corporate/M&A, Stuttgart), Dr. Arne Ibbeken (IP, Munich) and Dr. Thomas Winzer (employment, Frankfurt).
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