Baker McKenzie advised ResInvest Group on the acquisition of Onyx Power Group from Riverstone Holdings LLC. The closing of the transaction is subject to customary approvals. Onyx Power Group is a European energy supply company and an expert in the safe and weather-independent provision of electricity and heat. Onyx Power Group has six power plants in Germany and the Netherlands with a total net capacity of 1.65 GW. The portfolio includes some of the most modern thermal power plants in Europe, which combine high efficiency with low emissions. The most important locations include Wilhelmshaven, Rotterdam, Zolling and Farge near Bremen.
"With our experienced, international team, we were able to support our client in further expanding its position in the European energy market", commented Holger Engelkamp, Corporate/M&A Partner in Berlin. "The transaction also gives our client the opportunity to tackle important transformation projects for the German energy market", adds Dr. Claire Dietz-Polte, energy law partner in Berlin, who led the transaction together with Holger Engelkamp and heads the German energy and infrastructure practice with him.
ResInvest Group is an international trading and investment company that supplies essential commodities for the global markets. The company has extensive experience in the energy sector and in the operation of conventional power plants in Europe. As a strategic investor, ResInvest Group strengthens Onyx Power's strategy and the upcoming transformation in the context of the energy transition.
The Energy and Infrastructure team, which is part of Baker McKenzie's corporate/M&A practice, regularly advises on domestic and international transactions. Most recently, the energy and infrastructure team advised the American company Sunoco on the acquisition of the tank terminal operator Tanquid, the Dutch battery storage investor Return on the purchase of four large-scale battery storage sites in Germany from BESSMART, the battery storage developer J+P Batterien on the entry of the Dutch battery storage investor Return and Terra One Climate Solutions on the conclusion of a framework agreement with S4 Energy. Baker McKenzie's Corporate/M&A practice also advised AURELIUS on the acquisition of Landis+Gyr's EMEA business; Knorr-Bremse on the acquisition of duagon Group; Cheyne Capital on the refinancing of Kaffee Partner; JD.com on the acquisition of Ceconomy; VINCI Energies on the acquisition of R + S Group and the acquisition of Zimmer & Hälbig Group; Bristol Myers Squibb on the transfer of Juno Therapeutics to TQ Therapeutics; Georg Fischer on the acquisition of VAG Group; AURELIUS on the acquisition of Teijin Automotive Technologies; Centric Software on the acquisition of Contentserv Group; Fagron Group on the acquisition of Euro OTC & Audor Pharma GmbH; Berlin Packaging, a portfolio company of Oak Hill Capital Partners and Canada Pension Plan Investment Board, on the acquisition of RIXIUS AG; and Instalco on the investment in FABRI AG.
Legal adviser to ResInvest:
Baker McKenzie
Lead:
M&A/Energy: Holger Engelkamp (partner, Berlin)
Projects/Energy: Dr. Claire Dietz-Polte (partner, Berlin)
Team:
Corporate/M&A: Ben Boi Beetz (senior associate)
Projects/Energy/Regulatory: Dr. Katharina Weiner (partner, Düsseldorf), Dr. Janet Butler, Dr. Maximilian Voll (both Counsel, Berlin), Nico Ruepp (associate, Berlin), Stefanie Zenzen (associate, Düsseldorf)
Employment / Pensions: Dr. Matthias Köhler (partner, Berlin), Dr. Verena Böhm (counsel, Frankfurt), Isabell Guntermann (associate, Berlin)
Financing: Kathrin Marchant (partner), Esther Kapern (associate, both Frankfurt)
IT/Data Protection: Florian Tannen (partner), Daniel Wulle (senior associate), Clarissa Rach (associate, all Munich), Anela Winzig (associate, Frankfurt)Antitrust/FDI: Dr. Anika Schürmann (partner), Dr. Florian Kotman (counsel, both Düsseldorf), Anahita Thoms (partner), Alexander Ehrle (senior associate, both Berlin)
The Netherlands: Mohammed Almarini (partner), Laila Kouchi (legal director), Anne van den Dorpel (associate), Anna van Bracht (partner), Lois Knijpinga (associate, Amsterdam)
Belgium: Roel Meers (partner), Arnaud Flamand (associate, both Brussels) as well as other lawyers in the Netherlands and Belgium.
About Baker McKenzie
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