Clearwater International acted as sole financial adviser to palero capital on the acquisition of 100% of the share capital of EVANTEC GmbH from E.ON Group.
EVANTEC GmbH, headquartered in Munich, is a specialised provider of technical infrastructure and nuclear services for energy plants and other sites. The company offers highly specialised services and tailored concepts which ensure that operations in the plants and facilities of its business partners run safely, smoothly and in an efficient manner. With approximately 1,200 employees the company generates total sales of approximately €70m.
palero invest S.à.r.l is an independent private equity fund based in Luxembourg, which is exclusively advised by Munich-based palero capital and specialises in acquiring majority stakes of private, mid-sized European companies to optimise internal processes and operations.
With this acquisition, palero acquired an established services company for energy plants and other industrial sites. In close collaboration with the management team, palero will develop EVANTEC into a strong, independent player in its markets and will invest substantial funds to grow the business.
Clearwater International, led by partner Markus Otto, advised palero capital.