Publisher: VSB Holding GmbH
Partners Group acquires shares in VSB Group
Dresden / Zug (renewablepress) - VSB, the international project developer, takes a significant step towards growth and gets a new majority shareholder. Partners Group acquires an 80% equity stake in VSB Group.
Established in 1996, VSB Group is one of the leading full-service providers in the renewable energy sector. With the sale of 80% of its shares to Partners Group - the global private market investment manager – VSB will continue its consistent growth strategy on a national and international level. Founder Andreas Dorner will retain the remaining equity stake and will continue to shape the Group’s future.
Andreas Dorner, Founder of VSB Group, says: "VSB has enjoyed great success to-date as an independent, multinational company. However, given the vast opportunity for renewable energy, we wanted a like-minded partner to accelerate our next phase of our growth. In Partners Group, we have found a global partner with significant operational resources and a wealth of international experience in hands-on renewable energy investment. We are looking forward to building on our shared values as we grow VSB together."
David Daum, Member of Management, Private Infrastructure Europe, Partners Group, states: " We are very excited to partner with VSB to support its continued growth at a time when climate change sits high on political and social agendas. VSB is very well-positioned to capitalize on increased demand for environmentally friendly sources of energy throughout Europe. We are convinced that VSB has potential to become the preeminent European renewable energy platform."
About VSB Group
VSB, headquartered in Dresden, is one of the leading European full-service suppliers in the renewable energy sector. It’s core business is the international project development and realization of wind and photovoltaic farms, and functions as well as operator and service provider. Since 1996, VSB has commissioned more than 700 wind energy and photovoltaic plants with a combined installed capacity of approx. 1.1 GW and an investment volume of EUR 1.7 billion. The Group and associated companies employ over 300 people at 19 locations.
About Partners Group
Partners Group is a global private markets investment management firm with USD 94 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in Denver, Houston, Toronto, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 1.400 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.
Dresden / Zug, 22 January 2020
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About VSB Holding GmbH
The future of our energy supply is in renewables. This has been VSB Group’s guiding principle since 1996. And it’s been successful, too. From its head office in Dresden, the consultancy has become an international provider of wind energy and photovoltaic solutions. VSB adds value throughout the entire project life cycle, from securing land through approval planning and implementation to operations. We also offer our clients and investors a full range of specialized services and operate as a general contractor. We aim to provide quality, optimal project management, high-value components and excellent partners.
VSB implements environmentally-friendly projects, reducing CO2 emissions by several thousand tonnes. With our partners, we help municipal councils and mayors to develop and implement energy- and climate-driven concepts. Our common goal is to create a reliable energy supply, use energy consciously and efficiently and at low cost. This enables us to involve citizens comprehensively at an early stage, build acceptance and develop individual participation models.
A 300-strong team in Germany, Europe and worldwide works hard to make our vision of 100 percent energy generation from renewables a reality. For example, we have already succeeded in connecting roughly 900 megawatts of wind energy and photovoltaic power to the grid. That is equivalent to the annual energy consumption of roughly 1.3 million people. Many other projects are currently in development with cooperation partners, municipalities, citizens and investors.
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