Cerha Hempel has advised IRMA Investments on Raiffeisen Beteiligung's acquisition of a 50% stake in Austrian photovoltaic module manufacturer Energetica Industries. Dorda advised the Raiffeisen-Landesbank Oberoesterreich subsidiary on its investment.
Financial details were not disclosed. Closing is expected in the second half of 2023, pending regulatory approval.
Following the investment, the two companies each hold 50% of the shares in Energetica. According to Cerha Hempel, "together with its new partner, IRMA is planning to further develop Energetica and continue its successful expansion."
With the current investment, Energetica is planning to expand its production capacity to 400 megawatts per year. According to Dorda, "the company sees itself as a specialist in high-end products for roof and ground-mounted systems as well as special applications for solar panels. It currently employs around 100 people at its headquarters in Liebenfels."
The Cerha Hempel included Partners Albert Birkner and Nadine Leitner, Senior Counsel Wolfgang Sindelar, Counsel Michael Mayer, and Associates Jakob Weber and Zakar Stepanyan.
The Dorda team included Partners Bernhard Rieder, Martin Brodey, Felix Hoerlsberger, Heinrich Kuehnert, Bernhard Mueller, and Veit Oehlberger, Principal Associates Ulrich Weinstich, Alexandra Ciarnau, Julia Haumer-Moerzinger, Magdalena Nitsche, and Florina Thenmayer, and Associates Petra Artner, Prablin Cheema, Sarah Gruber, Julia Huber, Florian Huegel, Vivien Lux, Felix Zopf, Sebastian Stoeckl, and Paul Traar.