Swiss private equity company Partners Group has completed the acquisition of German renewables developer VSB, following deal approval by banking supervisory and antitrust authorities.
Zug-headquarted Partners Group holds an 80% equity stake in VSB on behalf of its clients. VSB founder Andreas Dorner retains the remaining 20%.
VSB will “complement” the Swiss portfolio in the renewable energy and energy services segment, said Partners Group.
Plans include growing the business internationally, backed by a “strong project pipeline, attractive core and target markets as well as fresh capital for acquisitions”.
VSB managing director Marko Lieske said: “Competition for land and project rights is fierce. We can now continue to intervene effectively in the market with a high success rate in order to push ahead the expansion of the VSB Group, especially in Europe.”
Partners Group management member David Daum added: “Investment in climate-friendly and resource-saving green energy projects is increasing globally.
“VSB is an established player in the energy market and we want to further expand its leading position. We look forward to working together.”