White & Case advises CVC DIF on acquisition of 49 percent stake in BALANCE Erneuerbare Energien

Global law firm White & Case LLP has advised CVC DIF on its acquisition of a 49 percent stake in BALANCE Erneuerbare Energien (BALANCE), the biogas subsidiary of Leipzig-based gas group VNG AG.

The investment in BALANCE is made through the DIF Infrastructure VII fund and will support the ongoing growth of the business, with the objective to become Germany’s leading biogas platform. The completion of the transaction is subject to approval by the relevant antitrust authorities.

CVC DIF is a global mid-market infrastructure equity fund manager, founded in 2005 and headquartered in Amsterdam. It has €19 billion of infrastructure assets under management in energy transition, transport, utilities and digitalisation. CVC DIF forms the infrastructure strategy of global private markets manager CVC.

BALANCE currently has a portfolio of 42 biogas facilities in Northern and Eastern Germany with a total output of around 197 MW. It’s one of the largest biogas plant operators in Germany, supplying green energy to more than 180,000 households every year.

The White & Case team which advised on the transaction was led by partners Stefan Koch (Frankfurt) and Thyl Haßler (Düsseldorf) and included partners Thomas Burmeister, Thilo Wienke (both Düsseldorf), Bodo Bender, Andreas Lischka, Sebastian Stütze, Daniel Zapf (all Frankfurt) and Erasmus Hoffmann (Berlin), local partners Albrecht Schaefer and Mathias Bogusch (both Frankfurt), counsel Andreas van den Eikel (Berlin) and associates Eojin Lie, Franziska Josepha Schiffmann, Valentina Scheler, Justus Redeker, Paulina Spengler, Daniel Stuebbe, Bethany Davies (all Frankfurt), Verena van Eik, Selma Lyn Kalkutschke, Karen Sievert (all Düsseldorf), Galina Wedel and Friederike Kirch (both Berlin).

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