Publisher: VSB Holding GmbH
Deal closed: VSB Group joins Partners Group
Dresden / Zug (renewablepress) - The Swiss Partners Group is the majority owner of VSB Group, a leading European developer, owner and operator in the renewable energy sector. After the official announcement of the takeover in January 2020, the banking supervisory and antitrust authorities have approved the transaction. VSB expects strong growth ahead.
Closing successfully completed: Partners Group, headquartered in Zug, now holds an 80 percent equity stake in VSB Group on behalf of its clients. Founder Andreas Dorner retains the remaining equity stake and will continue to shape the Group’s future. VSB will thus complement the Swiss portfolio in the renewable energy and energy services segment. Both partners are currently working intensively on the strategic alignment. All signs point to international growth. A strong project pipeline, attractive core and target markets as well as fresh capital for acquisitions form the basis for this.
Marko Lieske, Managing Director of VSB Holding GmbH, summarises the advantages of the merger: "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."
David Daum, Member of Management, Private Infrastructure Europe, Partners Group, states: "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".
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 as well as their operation and commercial and technical management. 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, 20 April 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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