ju:niz Energy's Strategic Acquisition by EQT Sparks Transition Infrastructure Launch
Deal News | Dec 05, 2024 | EQT

EQT, the global investment firm, has officially introduced its novel EQT Transition Infrastructure strategy with the strategic acquisition of ju:niz Energy, a developer and operator of battery energy storage systems. The newly launched strategy is designed to pivot on EQT's extensive background in climate-centric opportunities and its more than 15 years of investment experience in energy transition-related infrastructure. By leveraging its well-established industrial expertise across crucial sectors, the initiative aims to accelerate the transition to renewable energy across North America, Europe, and Asia Pacific. ju:niz Energy represents the strategy's first significant investment, marking a critical move for EQT as it commits to expanding its infrastructure portfolio, capitalizing on the need for grid stability amid increased reliance on renewable energy. The strategy is spearheaded by EQT personnel, including Jan Vesely in New York and Asis Echaniz in Europe, with Francesco Starace leading the board as chair. The acquisition comes with aligned financial, legal, and consulting advisory, exemplifying EQT’s full-scale industrial and strategic backing for this energy transition agenda.
Sectors
- Energy & Environmental
- Infrastructure
- Private Equity
Geography
- Germany – ju:niz Energy, the first investment under EQT's new strategy, is based in Aschheim, Germany, where it develops battery energy storage systems.
- Global – EQT's Transition Infrastructure strategy targets investments in North America, Europe, and Asia Pacific, indicating a broad international reach.
Industry
- Energy & Environmental – The article discusses investments in energy transition infrastructure and battery energy storage systems, highlighting the industry's role in supporting renewable energy and decarbonization.
- Infrastructure – EQT's Transition Infrastructure strategy focuses on building and scaling infrastructure to support the clean energy transition.
- Private Equity – EQT, a leading PE firm, is managing this strategic acquisition under its Transition Infrastructure to expand its climate-related portfolio.
Financials
- EUR 72 billion – Total assets under management for EQT's existing global infrastructure business.
- EUR 17 billion – Amount invested by EQT Infrastructure in energy transition-related opportunities.
- EUR 246 billion – Total assets under management by EQT globally.
Participants
Name | Role | Type | Description |
---|---|---|---|
EQT | Bidding Company | Company | A global investment firm that launched the EQT Transition Infrastructure strategy. |
ju:niz Energy | Target company | Company | A German-based developer and operator of utility-scale battery storage systems. |
Francesco Starace | Chair of EQT Transition Infrastructure | Person | Former CEO of Enel who joined EQT to lead its Transition Infrastructure strategy. |
Jan Vesely | Head of EQT Transition Infrastructure | Person | Responsible for leading EQT Transition Infrastructure in New York. |
Asis Echaniz | Head of EQT Transition Infrastructure Europe | Person | Leading EQT Transition Infrastructure in Europe from Madrid. |
UBS | Financial Advisor | Company | Provided financial advisory services for the EQT transaction. |
Gibson Dunn & Crutcher | Legal Advisor | Company | Provided legal advice for the EQT transaction. |
Norton Rose Fulbright | Legal Advisor | Company | Provided legal advice alongside Gibson Dunn & Crutcher for the EQT transaction. |
McKinsey | Commercial Advisor | Company | Provided commercial advisory support for the EQT transaction. |