Kaiserwetter: Investor search successfully completed
Restrukturierungspartner, together with the preliminary insolvency administrator Dr. Matthias Wolgast, have found several investors for the insolvent Kaiserwetter Energy Asset Management GmbH. The majority of jobs will be retained.
The investor process of Kaiserwetter Energy Asset Management GmbH, a leading international „Data as a Service“ provider for investments in renewable energies, was completed exceptionally quickly: The purchase agreements were signed in early February and mid-March respectively.
BayWa r.e. Group has acquired the software division of Kaiserwetter with the main products ARISTOTELES and IRIS. BayWa r.e. is one of the leading global developers, service providers and suppliers of energy solutions in the field of renewable energies. Buyer of the asset management business, including the non-insolvent Spanish subsidiary, is the international WPO SAS Group, headquartered in Paris. The majority of the employees were taken over by the buyers. The parties have agreed not to disclose the purchase price.
We are pleased that we were able to successfully conclude (...) this complex transaction process with two different investors within the very tight timeframe. Dr. Fabian Meißner
Kaiserwetter Energy Asset Management GmbH had to file for insolvency at the end of November 2020, in particular due to the reluctance of potential customers to invest as a result of the COVID 19 pandemic. Dr. Matthias Wolgast of the law firm Münzel & Böhm, who had continued to run the Hamburg-based company in recent weeks and initiated an investor process, was appointed as provisional insolvency administrator. This process was accompanied exclusively by Restrukturierungspartner. As part of the M&A process, the transaction experts of Restrukturierungspartner approached numerous national and international investors and held intensive talks with various interested parties.
„We are pleased that we were able to successfully conclude this complex transaction process with two different investors within the very tight time frame until the opening of proceedings, thus retaining the products, the know-how and the majority of the jobs“, explains Dr. Fabian Meißner, who oversaw the investor process as project manager.
About Kaiserwetter Energy Asset Management GmbH
Kaiserwetter Energy Asset Management GmbH is one of the leading „Data as a Service“ companies, specializing in Smart Data Analytics, Predictive Analytics and Artificial Intelligence in the renewable energy sector.