Private equity firm Partners Group has acquired an 80% equity stake in VSB Group, a European renewable energy business.
VSB was founded in 1996 and operates throughout the renewable energy value chain, from project development to asset management and the technical and commercial management of operational sites, as well as having a broad offering in energy solutions.
The business has so far developed and built over 1.1GW of onshore wind and solar PV generating assets and manages over 1.4GW of wind assets. It is is headquartered in Germany with operations in eight European countries and employs over 300 people.
VSB's founder Andreas Dorner will retain the remaining equity stake alongside Partners Group.
Andreas Dorner, Founder and Managing Director of VSB Group, said: "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 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."
David Daum, Member of Management, Private Infrastructure Europe, Partners Group, added: "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 believe it has potential to become the preeminent European renewable energy platform.”
