11. December 2024

ARQIS advised the shareholders of B+T Group on all legal aspects of the sale of their shares to the investment fund Igneo. An agreement for the sale of 90 percent of the shares in B+T Group to the investment fund Igneo Infrastructure Partners has been signed. Ralf Bohn, the former indirect majority shareholder and managing director, will remain with the company as minority shareholder and CEO. The transaction is still subject to the usual regulatory approvals under antitrust and foreign trade law and is expected to be completed in the first quarter of 2025. The parties have agreed not to disclose further details of the transaction, such as the purchase price.

The sold B+T Group, based in Alsfeld, Hesse, operates at 11 locations in Germany and France. The company's main focus is on the construction and operation of processing plants and power stations. These are used to recycle non-recyclable waste and to utilise its energy and material potential.

Igneo, part of the First Sentier Investors Group, currently manages 20 billion US dollars in assets on behalf of over 200 investors. Its focus is on renewable energies, digital infrastructure, waste management, water supply and transport/logistics.

An ARQIS team headed by Andreas Dietl and Dr. Christof Alexander Schneider advised the B+T Group and its shareholders on this transaction, in particular also accompanying the prior sales of the holdings B+S Papenburg Energie GmbH and EBS Concept GmbH to Steinbeis Holding and B+T Horn Energie GmbH to Kronospan.

Advisor to B+T Group

ARQIS (Dusseldorf): Andreas Dietl, Dr. Christof Alexander Schneider (both M&A, Lead), Partner: Dr. Friedrich Gebert (Regulatory), Dr. Ulrich Lienhard (Real Estate), Counsel: Dennis Reisich, Jens Knipping (both Tax), Anja Mehrtens (HR Law), Managing Associates: Carolin Schlütter-Lückel (M&A), Tim Bresemann (Real Estate), Daniel Schlemann (Data Law), Nora Stratmann (Commercial), Associates: Rebecca Gester (Commercial), Dr. Bernhard Gröhe (Regulatory), Dr. Hendrik Völkerding (HR Law)

Cohen Gresser (Paris): Johannes Jonas, Pierre Wolnan (both Corporate/M&A), Angéline Duffour (Employment Law)

MARCK (Antitrust, AWV): Dr. Georg Schmittmann

Arendt & Medernach (Luxembourg – Re-Investment): Carsten Opitz, Pol Reckinger (both Corporate/M&A)