Aquila group, advised by HEUKING, sells majority stake in Aquila Capital Investmentgesellschaft to Commerzbank

A team led by Dr. Michael Dröge, HEUKING Partner at the Hamburg office, legally advised Aquila Capital Group on the sale of a 74.9% stake in its subsidiary Aquila Capital Investmentgesellschaft to Commerzbank.

The parties agreed not to disclose the financial details of the transaction, which is still subject to antitrust approvals. Closing is expected in Q2/2024.

Aquila Capital Investmentgesellschaft is expected to benefit from Commerzbank’s participation by extending its offering in investments in renewable energies, sustainable real estate, and green infrastructure solutions and developing the company into one of the leading asset managers for sustainable investment strategies in Europe. Aquila group will remain closely associated with Aquila Capital Investmentgesellschaft and will continue to participate in its further development.

Headquartered in Hamburg, Aquila group is an experienced and long-term real asset investor. Founded in 2001 by Dr. Dieter Rentsch and Roman Rosslenbroich, the group today manages about EUR 14.6 billion on behalf of a large number of institutional investors worldwide. To date, the company has invested in renewable energies with a total capacity in excess of 16.6 gigawatts and in real estate with a total area of 1.95 million square meters (as at September 30, 2023). The group operates 19 branches worldwide with more than 650 employees.

The HEUKING team led by Dr. Dröge regularly advises Aquila group on transactions and other legal matters.

Counsel to Aquila group
HEUKING:
Dr. Michael Dröge (Lead, Corporate/M&A), Hamburg,
Dr. Stefan Jöster, LL.M. (Insurance/Reinsurance), Cologne,
Sven Johannsen (Capital Markets),
Christoph Prochnau, LL.B. (Corporate/M&A), both Hamburg