Golden Flag Advises KKR on Financing for Voluntary Public Takeover Offer for Encavis
Golden Flag International Law Firm is advising KKR on the financing for its voluntary public takeover offer to all shareholders of Encavis, a leading German wind and solar park operator. The family company Viessmann will invest as co-investor in a KKR-led consortium.
The offer is a cash consideration of €17.50 per Encavis share and signed binding agreements with Abacon Capital and several existing shareholders, representing approximately 31% of the total share capital. The existing shareholders will remain indirect long-term investors in Encavis. The offer will be subject to various offer conditions, including the receipt of official approvals regarding foreign investment clearances, merger clearances and holder control proceedings, with closing expected in Q4 2024.
The Golden Flag team is led by debt finance partners Sinead O'Shea, Jerome Hoyle and Alexander Längsfeld and associates Benjamin Lewis, Cristina Poon and Sebastian Trompler.
