Herbst Kinsky, working with Norton Rose Fulbright, has advised Treis on the sale of Cycleenergy Holding to an Austrian investor group consisting of Invest AG, Industrieliegenschaftenverwaltung, and the company’s management team.
The transaction remains contingent on regulatory approval.
Cycleenergy specializes in decentralized energy solutions and produces energy from biomass in Austria and Germany. The company operates four biomass cogeneration plants and three pellet plants with a production of around 90,000 megawatt-hours of base-load capable electricity.
Treis is a family-owned investment group, that had been Cycleenergy’s majority shareholder since 2011.
The Herbst Kinsky team was led by Attorney-at-Law Christoph Wildmoser and Associate Alexander Lotz and included Attorney-at-Law Valerie Mayer and Associates Elisabeth Fitzek and Danielle Noe.
Norton Rose Fulbright’s team was led by Munich-based Partner Klaus Bader and Counsel Wenzel Richter.
Herbst Kinsky did not respond to our inquiry on the matter.