Frankfurt, 24 January 2011. The FCPR Capenergie 2 fund which was established by Crédit Agricole Private Equity (CAPE) will, on the recommendation of CAPE, invest in the German photovoltaic company Abakus Solar AG in the course of a capital increase. The international law firm Linklaters advised Abakus Solar AG on this step.
In addition, Abakus Solar AG and CAPE agreed to establish a joint venture for infrastructure investments. The investment volume amounts to 10 million euros. The transaction is subject to clearance by the competition authorities.
Abakus Solar AG with seat in Gelsenkirchen is a leading and globally operating system house for photovoltaics. The company focuses on three main business units: the wholesale of components and complete systems, the turnkey construction of photovoltaic facilities as well as the implementation of individual solutions for building-integrated solar systems. With about 85 employees, the company generated a turnover of approx. 112 million euros in 2011.
Crédit Agricole Private Equity is the private equity business unit of Crédit Agricole Group, one of the largest French commercial banks and, as such, the leading equity investor in small and medium enterprises. In 2011, 95 employees managed bonds worth 3.7 billion euros.
The Linklaters team was led by Dr Ralph Drebes (corporate/M&A, Frankfurt). The team also included Dr Christian Kleeberg and Simon Böpple (both corporate/M&A, Frankfurt).
