Arcus invests in Einhundert with Noerr’s guidance

British infrastructure investor Arcus is set to acquire a majority stake in the Einhundert corporate group, a Cologne-based company supplying multi-family houses with solar power. Previously financed by 24 shareholders, Einhundert offers a full-service package ranging from building suitability assessments to the installation of photovoltaic systems, digital metering, and power supply billing. The solar power generated also supports the operation of heat pumps.

Ernesto Garnier, the founder of Einhundert, will retain his position as Co-Investor and continue to serve as CEO. The investment by Arcus is channeled through its European Infrastructure Fund 3 and the portfolio company Officium.

Advisors to Arcus

Noerr (Munich): Dr. Christoph Thiermann (Lead; Private Equity, pictured), Carsten Bringmann (Public Law; Düsseldorf), Pinar Turkac-Christmann (Bank/Finance Law; Frankfurt), Patrick Neidinger, Julian Monschke (Frankfurt; both IP/IT), Dr. Benjamin Jahn (Labor Law), Hendrick Schlutt (Public Law; Berlin); Associates: Aleksandra Vujinovic (Private Equity; Frankfurt), Dr. Christian Haagen (Corporate/M&A; London), Dr. Dr. Malte Seyffarth (Public Law; Düsseldorf), Steffen Arlich (Tax Law), Jacob Mudrich (Berlin), Fabienne Wendik (Düsseldorf; both Real Estate Law), Dr. Laura Adjan (Labor Law)

Advisors to Einhundert Shareholders

Mazars (Cologne): Dr. Philipp Wüllrich, Ferdinand von Wrede (Munich; both Lead; both Corporate/M&A), Florian Helbig (IP/IT; Leipzig), Dr. Bernd Keller, Stephan Franzen (both Tax); Associates: Michael Weinberger, Rahwa Efrem (both Munich), Yannik Metz (Corporate/M&A), Dr. Philipp Wollert (Labor Law)

Advisors to Triodos

Lupp + Partner (Munich): Dr. Christian Rodorff (Lead); Associates: David Wiegand (Hamburg), Bao-Ngoc Nguyen, Ellen Birke (all Corporate/M&A)

Advisors to NRW.Bank

Seitz (Cologne): Dr. Daniel Grewe (Lead), Dr. Jennifer Konrad; Associate: Constanze Hartmann (all Corporate/M&A)

Advisors to EWE Aktiengesellschaft

Lambsdorff (Berlin): Dr. Christian Stuhlmann (Lead); Associates: Luisa Müller, Albrecht Steinbach (all Corporate/Venture Capital)

Notary Services

Wicke Herrler (Munich): Prof. Dr. Hartmut Wicke – well-known in the market.

Background: Thiermann’s connection to Arcus appears to stem from a previous transaction; in January 2023, his team advised investor Emeram Capital Partners on the sale of its portfolio company Officium to Arcus. It’s worth noting that Noerr’s contacts with the investor were reportedly established before this occurrence.

Mazars has been advising Einhundert and its shareholders since its inception in 2017. Partner Wüllrich entered the mandate through a recommendation and has been involved in all financing rounds. The transaction’s tax aspects were handled by the in-house advisors led by Partner Keller.