27 March 2008
STAR Capital Partners announces the sale of its investment in energy services provider, GWE
STAR Capital Partners (‘STAR’) announces the sale of its shareholding in GWE Gesellschaft für wirtschaftliche Energieversorgung mbH (‘GWE’), a leading independent energy services provider in Germany, to Macquarie European Infrastructure Fund 2. Established in 1994, GWE provides energy supply solutions, for the supply of electricity, heating and cooling for bulk consumers such as industrial organisations and hospitals.
The sale is another successful realisation from the STAR 1 portfolio which focuses on investing in and developing capital intensive and asset based investment opportunities.
GWE has been owned by STAR, management and other minority investors since 2004. Under STAR's ownership, GWE has developed into the leading independent CHP business in Germany.
Commenting on the realisation, Paul Gough, Partner of STAR Capital Partners said :
“GWE is another example of how STAR's capital outsourcing strategy can be successfully developed in the market place. We are pleased to have supported GWE's substantial growth and wish all those at the company well under its new ownership.”