Partners Group is rumoured to be in conversations with financial advisers in the last few weeks for the potential sale of their Germany-based utility-scale solar and wind platform VSB Group for ~$2bn, after ~4 years of holding.
Robust portfolio: The company holds over 1.3 GW of operational assets, located across Germany, Italy, France, Spain, Poland, Romania, Greece, Finland, and Croatia.
Strategic Shift: Initially, Partners Group planned to merge VSB with Spain’s Exus, a renewables platform that they acquired for $1bn in Oct’23. However, this plan was later dropped, indicating a change in strategic direction.
Booming Market: Germany’s renewable energy sector has witnessed over $8bn in deals since 2023, with PE firms like Asterion, AIP Management, and Norges Bank carrying out $1bn+ transactions, primarily targeting onshore and offshore wind assets.
Emerging Investment Opportunities: The rumour closely follows a recent announcement by Encavis, another German renewables firm, which has confirmed that they are in talks with KKR for a $2bn sale.
