Partners Group Sells VSB Group to TotalEnergies
Deal News | Dec 17, 2024 | CEE Legal Matters
Partners Group has successfully sold VSB Group, a leading European renewable energy platform, to TotalEnergies for an equity value of EUR 1.57 billion. Partners Group, a global player in private markets, initially acquired a majority stake in VSB in 2020, subsequently enhancing its capacity and project pipeline. The strategic sale highlights VSB's transformation under Partners Group's ownership, increasing its project pipeline from 8 gigawatts to over 18 gigawatts, and boosting its operating and under-construction capacity. Legal advisors in the transaction included A&O Shearman and DTB representing Partners Group, while Jones Day advised TotalEnergies. The legal teams spanned numerous locations including Hamburg, Frankfurt, Duesseldorf, Paris, Luxembourg, Warsaw, and Milan.
Sectors
- Renewable Energy
- Private Equity
Geography
- Europe – VSB Group is established as a pan-European renewable energy platform, and the transaction involves multiple European legal offices.
- France – TotalEnergies, a French company, is purchasing the VSB Group.
Industry
- Renewable Energy – The transaction involves VSB Group, a notable entity in the renewable energy sector, reflecting industry growth and consolidation.
- Private Equity – Partners Group, an influential private equity firm, is a key player in this transaction, showcasing strategic divestment.
Financials
- EUR 1.57 billion – Equity value of VSB Group at the time of sale to TotalEnergies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Partners Group | Selling Company | Company | A global private markets investment manager, selling its majority stake in VSB Group. |
| VSB Group | Target | Company | A renewable energy platform based in Europe, specializing in wind and solar energy solutions. |
| TotalEnergies | Bidding Company | Company | A French multinational energy company acquiring VSB Group. |
| A&O Shearman | Legal Advisor | Company | Provided legal advice to Partners Group during the sale of VSB Group. |
| DTB Advise | Legal Advisor | Company | Advised Partners Group along with A&O Shearman. |
| Jones Day | Legal Advisor | Company | Advised TotalEnergies in the acquisition of VSB Group. |
| Damir Topic | Senior Partner | Person | Part of the DTB team advising Partners Group. |