Deal typeTransaction Services
IndustryNatural resources & Energy
Client nameRWE AG
RWE and Apollo Global Management, a global asset manager with extensive experience in infrastructure investments, have entered into a long-term partnership to secure financing for RWE's 25.1 percent stake in Amprion.
Amprion is one of four transmission system operators in Germany and operates an electricity grid that spans seven federal states and supplies around 29 million people with electricity. Amprion plans to invest heavily in grid expansion over the next ten years. This expansion is essential to drive forward Germany's energy transition.
Apollo will provide €3.2 billion to RWE on behalf of its managed funds and companies and will receive a stake in a newly formed joint venture (JV) in return. This JV will hold RWE's 25.1% stake in Amprion. RWE will receive the funds in advance and will then reinvest the proceeds in Amprion via the JV to support its network expansion program.
Throughout the entire project, BDO supported RWE with a specialised, multidisciplinary advisory team.
Amprion is one of four transmission system operators in Germany and operates an electricity grid that spans seven federal states and supplies around 29 million people with electricity. Amprion plans to invest heavily in grid expansion over the next ten years. This expansion is essential to drive forward Germany's energy transition.
Apollo will provide €3.2 billion to RWE on behalf of its managed funds and companies and will receive a stake in a newly formed joint venture (JV) in return. This JV will hold RWE's 25.1% stake in Amprion. RWE will receive the funds in advance and will then reinvest the proceeds in Amprion via the JV to support its network expansion program.
Throughout the entire project, BDO supported RWE with a specialised, multidisciplinary advisory team.