Auctus acquires Energiekonzepte Mitteldeutschland

The GP has invested alongside CEO Mathias Hammer, who will continue to own a significant stake in the business, Auctus said in a statement.

The deal values the company in the €50-100m range, according to a source close to the situation.

In addition to supporting EKM's organic growth, Auctus said in a statement that EKM intends to pursue a buy-and-build strategy, with the aim of building a Germany-wide group. The company is seeking to expand its sales and installation capabilities. Add-ons will likely be primary buyouts of companies that report EBITDA of around €500,000, the source added.

Auctus is currently deploying equity via Auctus V, which held a final close in October 2019 on €250m.

Company
Energiekonzepte Mitteldeutschland (EKM) was founded in 2018. The company provides solar power systems for residential buildings. In addition to installation, EKM provides consultation, commissioning and network operator registration services. The company is headquartered in Leipzig and operates in Saxony, Saxony-Anhalt, Thuringia, Hesse and Brandenburg.

People
Auctus Capital Partners – Ingo Krocke (founder, member of the management board); Sven Wittmaack (principal).
Energiekonzepte Mitteldeutschland – Mathias Hammer (CEO).

Advisers
Equity – Ebner Stolz, Ronald Kagan (legal).
Company – CMS, Jörg Lips (legal).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• AUCTUS Management GmbH & Co KG