Herbst Kinsky advises Treïs on the sale of Cycleenergy Holding
Together with Norton Rose Fulbright (Munich) Herbst Kinsky advised the family-owned investor Treïs on the sale of Cycleenergy Holding GmbH to an Austrian investor group consisting of Invest AG, Industrieliegenschaftenverwaltung AG and the company’s management team. The transaction is still subject to regulatory approvals in Austria and Germany.
Cycleenergy specializes in decentralized energy solutions and produces energy from biomass at locations in Austria and Germany. The company currently operates four biomass cogeneration plants and three pellet plants with a production of around 90,000 MWh of base-load capable green electricity. Cycleenergy currently supplies 65,000 households as well as businesses with approximately 200,000 tons of high quality pellets, 100,000 MWh of heat and 10,000 MWh of steam per year from renewable regional energy.
Treïs is a family-owned investment group focused on sustainability and had been Cycleenergy’s majority shareholder since 2011. Treïs has been instrumental in supporting the company’s growth, such as the development of two new pellet plants in Austria and the acquisition of the Erndtebrück plant in Germany in 2020.
The Herbst Kinsky transaction team was led by Dr. Christoph Wildmoser and Dr. Alexander Lotz (both Corporate M&A) supported Dr. Valerie Mayer (Regulatory), Elisabeth Fitzek (Corporate M&A) and Danielle Noe (Regulatory). The Norton Rose Fulbright team was led by Dr. Klaus Bader and Dr. Wenzel Richter.