GreenCap is delighted to announce that it acted as exclusive M&A sell-side advisor to Kajoni Energie on a portfolio of large-scale, standalone BESS projects (totalling 750 MW / 3 GWh) participating in the upcoming grid auction (“Reifegradverfahren”) in Germany. With important capital outlays required to secure the grid connection, GreenCap’s client chose to partner with leading BESS investor green flexibility early. This further allows the projects to have significantly higher chances of success in the grid auction.

Manuel Stiller, Managing Director of Kajoni Energie, said: “We are delighted to partner with Green Flexibility, who have shown great pragmatism and fairness in these very time-constraint negotiations, and look forward to a fruitful collaboration. We also thank GreenCap for delivering a competitive process on time – this is our third transaction with GreenCap, and we continue to be very pleased with their professionalism and results-driven culture.”

Simon Wisseler, Director M&A at green flexibility, commented: “Kajoni has done excellent work in preparing the pipeline for the upcoming grid auction (“Reifegradverfahren”). In addition to our self-developed projects, the acquired portfolio enables us to bring further large-scale battery storage projects into the procedure, and we are looking forward to the results. We thank GreenCap for running a smooth, professional process.”

Philipp Hirche, Founder and Partner at GreenCap Partners, commented: “We are pleased to have closed this transaction on a fast track, within less than two months of going to market. Strong appetite for the grid auction allowed our client to secure a transaction at highly attractive terms.”

McDermott Will & Schulte acted as sell-side legal advisor, while Watson Farley & Williams advised green flexibility.