Gleiss Lutz has advised Hamburg-based investment holding company CEE (Conetwork Erneuerbare Energien Holding GmbH & Co. KGaA), which belongs to Düsseldorf-based Bankhaus Lampe, on its investment in a fund established by RWE Innogy to finance innovative technology start-ups. This involved the acquisition of a 22% stake in Innogy Renewables Technology Fund I GmbH & Co. KG (IRTF I) and 25.1% of shares in Innogy Venture Capital GmbH.
This is the first cooperation of its kind in Germany between a bank and a utility company. The shareholders see this as the ideal opportunity for the two companies to combine their financial and technical expertise and bring them closer to the goal of expanding the portfolio of presently nine to up to 14 promising European technology firms in the renewable energy sector in the coming years.
CEE was advised by the following team of Gleiss Lutz lawyers: Dr. Jörn Wöbke (lead, partner, corporate/M&A, Hamburg), Dr. Patrick Mossler (partner, corporate/M&A, Hamburg), Christian Mencke (corporate/M&A, Hamburg), Dr. Martin Raible (partner, competition/antitrust, Düsseldorf), Jens Werner (competition/antitrust, Düsseldorf), Dr. Florian Wiesner (competition/antitrust, Düsseldorf), Dr. Stefan Lingemann (partner, employment, Berlin/Hamburg), Dr. Rut Groneberg (employment, Berlin).
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