BDO advises shareholders of Windenergie Andresen GmbH on sale to Denker & Wulf AG
10 March 2021
BDO advised the shareholder of Windenergieberatung Andresen GmbH, Mr. Hans-Heinrich Andresen, on the sale of his shares to Denker & Wulf AG. The objectives of the transaction were to secure the continuation of the company after Mr. Andresen retires from the company as well as to maintain the office location including the personnel in Breklum. The total volume of the transaction ranges in the single-digit million.
Since 1991, WEB Andresen GmbH has been dedicated to the planning, realization and operation of community wind farms. Today, the company manages around 30 wind farms and five transformer stations, in which more than 5,000 citizens own a stake.
Denker & Wulf AG is one of the leading wind farm developers in Germany and has a track record of more than 800 wind turbines installed in ten German states. The holistic approach ranges from project planning, generation and marketing of wind power to its versatile use.
The following experts of BDO AG Wirtschaftsprüfungsgesellschaft provided:
Financial Advisory (M&A, Transaction Advisory, Indicative Business Valuation)
André Horn (Partner Corporate Finance Energy - Hamburg)
Matthias Mönckmeier (Senior Manager Corporate Finance Energy - Hamburg)
Phillip Mickail (Manager Corporate Finance Energy - Hamburg)
Ankit Chhabra (Consultant Corporate Finance Energy - Hamburg)