BDO advises consortium from the energy industry about investment in 450connect GmbH

The aim of the transaction was the joint application for the 450 MHz radio frequency in order to establish and operate a blackout-proof radio network across Germany for the energy and water industry as well as for other industries in future. The total volume of the transaction is in the hundreds of millions.

“This transaction can be a milestone for the smart energy industry. We are proud that we were able to accompany this important project,” says André Horn, Partner and Head of the Energy, Power and Utilities.

The consortium includes the regional energy suppliers TEAG Thüringer Energie AG, WEMAG AG, ENTEGA AG, EWE NETZ GmbH, EAM GmbH & Co. KG, Harz Energie GmbH & Co. KG, RheinEnergie AG and Westfalen Weser Energie GmbH & Co. KG. In addition, the consortium was extended during the course of the project to include E.ON SE and Versorger-Allianz 450 eV, whose shareholders currently include MVV Netze GmbH, Netze BW GmbH, Oberhessische Versorgungsbetriebe AG and SWO Netz GmbH.

 

The following experts from BDO AG Wirtschaftsprüfungsgesellschaft offered acted as consultants:

Financial advisory (M&A, transaction consultancy, buy-side financial due diligence, commercial due diligence, indicative company valuation)

• André Horn (Partner Corporate Finance Energy – Hamburg)
• Phillip Mickail (Manager Corporate Finance Energy – Hamburg)
• Carsten Roschinski (Senior Consultant Corporate Finance – Düsseldorf)
• Ankit Chhabra (Consultant Corporate Finance – Hamburg)

Tax due diligence

• Dr Michael Brauer (Partner, Head of Transaction Tax – StB – Düsseldorf)
• Christian Richter, LL.M. (Manager – StB – Transaction Tax Düsseldorf)
• Philipp Baumeister, MSc (Senior Consultant – Transaction Tax Düsseldorf)
• Peter Müller (Consultant – Transaction Tax Düsseldorf)