P+P advises EQT with regard to management participation in the sale of EEW

March 2016

Chinese company Beijing Enterprises acquired EEW Energy from Waste group, headquartered in Helmstedt in Lower Saxony, from Swedish private equity investor EQT. At almost EUR 1.44 billion, it is thus far the largest direct investment by a Chinese company in Germany. EQT acquired 51% of EEW Energy from Waste through E.on at the beginning of 2013 and took over the remaining shares last summer. The transaction requires a so-called clearance certificate of the German Federal Ministry of Economics.

With over 1,000 employees, EEW is one of the largest specialized suppliers in the generation of power and heat from thermal recycling and waste disposal in Germany. The company's 18 facilities in Germany, the Netherlands and Luxembourg can turn about 4.7 million tons of waste per year into electricity, industrial steam or district heating. The company's turnover in 2014 was approx. EUR 539 million.

The purchaser, Beijing Enterprises Holdings, is listed on the Hong Kong stock exchange and is interested in acquiring international know-how and new technology.

P+P Pöllath + Partners advised EQT with regard to the existing management participation model with the following team: