Binder Groesswang has advised the Gilde Buy Out Partners private equity fund and 17 other sellers on the sale of the Austria-based Powerlines Group GmbH to French energy group ENGIE Ineo, following a bidding process. Allen & Overy and Eisenberger & Herzog reportedly advised ENGIE Ineo on the deal.
Financial terms were not disclosed.
Gilde Buy Out Partners is a medium-sized private equity house in the Benelux and DACH regions. It manages funds with a total value of over EUR 3 billion and has offices in Utrecht, Brussels, Frankfurt, and Zurich.
Powerlines is one of Europe’s independent suppliers of electrification for various infrastructure facilities and provides systems for planning, installation, and maintenance of overhead lines for railways and local mass transit as well as high-voltage transmission lines.
The Binder Groesswang team was led by Partners Thomas Schirmer and Bernd Schneiderbauer and included Partner Christian Wimpissinger, Senior Associate Wolfgang Guggenberger, and Associates Felix Fuith and Alexander Nicolas Hiermann.