Clearwater International acted as sole financial adviser to 3i Group on the acquisition, together with the management team, of DEUTZ Power Systems, Germany, from DEUTZ AG. The transaction value amounted to €360m.
With approximately 1,000 employees, DEUTZ generated consolidated sales of €314m in 2006. DEUTZ Power Systems is a leading designer, producer and servicer of decentralized power generation solutions, based on reciprocating engines running on gas and diesel. The company focuses on gensets, combined heat and power and trigeneration solutions using natural and non-natural gas. DEUTZ Power has a particularly strong reputation in biogas and non-natural gas applications.
Clearwater International, led by partners Dierk Rottmann and Tobias Schätzmüller, advised 3i Group.