Services
Cross-Border Strategy
- Identifying relevant foreign markets for investors, asset owners, manufacturers, managers etc.
- Evaluating these markets and their specific entry requirements (economics, regulations, business customs, culture etc.)
- Defining cross border go-to-market & business strategies
Professional Local Business Network
- Identifying critical dimension of required local support
- Providing a strong and reliable network of trustworthy local professionals such as lawyers, tax advisors, engineers, regulators, translators etc.
- Ongoing managing and supervision of local professionals and their effective and efficient cooperation
Due Diligence Services
- Well structured collection and presentation of key documents as prerequisite for successful evaluation of transactions
- Anticipating counterparty’s key information requirements and critical assessments, minimizing gaps and traps
- Management of virtual data room provider, supervision of data collection, data room furnishing and user group management
Local partners & assets origination
- Identifying relevant strategic partners and/or assets and potential sellers in foreign markets
- Supporting the establishment of local co-operations or the establishment of local affiliates or offices
- Supporting the set up and management of new local organizations
Fundraising (Debt & Equity)
- Evaluation of funding situation and defining appropriate funding strategy (debt, equity, mezzanine and/or bridge funding)
- Preparation of relevant fundraising documents (teasers, pitch books, presentations, reports etc.)
- Identifying and approaching potential lenders and/or investors, facilitating and supporting negotiations
Project & Transaction Management
- Defining project and milestone plans, monitoring and managing their implementation
- Day-to-day managing of external partners and multi-stakeholder coordination
- Bridging cultural gaps, mitigating corresponding risks, supporting successful collaboration and negotiations
Michael is Partner of CBBD with >25 years experience as advisor, entrepreneur and investor in the financial, energy, and investment industry. After 10 years with BCG in Germany and Greece, he started his own asset management and financial advisory firms with focus on alternative assets in Europe.
Track Record
We love making complex investment cases investable.
Excellent track record of successful renewable energy transactions around the globe with focus on Europe
We excel in bringing high quality local development knowledge together with international investment expertise.
Our support ranges from opportunity scouting, due diligence and financial modelling to targeted sales drives, negotiation of terms sheets and final agreements until closing.
We boast an extensive joint track record with individual involvement in numerous renewable energy transactions totaling several hundred million euro in financing.
Highlights of completed transactions in Europe:
- Sales transactions completed in advisory role for > 750 MW onshore-wind and PV projects as well as project development pipelines in Greece, Germany, Poland and Spain
- Equity fundraising of 350 MEUR for PV and onshore-wind infrastructure projects in Germany, France, UK and Sweden
- Debt funding involving > 600 MW for PV and onshore-wind project developments in Germany, Spain and Poland
- Investment participations sizing up to >175 MW for PV and onshore-wind projects in Germany, France and UK
- Arranging development partnership between a local developer and an international strategic financial partner for a 270 MW project development pipeline in Spain
- Comprehensive sales support for project developments in Poland including tenders for a total capacity of 288 MW and international sales process for 174 MW
- Management and execution of financing and sales for several large onshore wind projects in Germany with approx. 200 MW output
Strong pipeline
We are currently working on multiple opportunities and portfolios in different stages of development. They involve strong and reputable local development partners and are expected to deliver solid returns. The pipeline totals 2 GWp in 4 different Southern and Southeastern European countries.
Recent success story:
We played a pivotal role in facilitating a deal for a Greek developer with a pipeline of 500+ MWp, by securing a framework agreement with a Northern European investor.
The investor is a specialist asset manager investing in the opportunities arising from the transition to a more sustainable global economy. The firm seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk.
The developer is a Greek electricity and gas supplier, with a mission to be a leading provider of integrated energy solutions in Southern Europe and the Balkans.
The JV will focus on the development, construction, and operation of PV parks across Greece starting with an existing portfolio of projects totaling 200 MW. The JV plans to expand the portfolio beyond 500MW. The existing projects arein a mature stage of development and undergoing licensing with construction commencing in 2024.
CBBD supported the transaction with the initial negotiations, due diligence, and successful deal closing. The CBBD team advising the transaction was led by partners Jan Kiel, Denes Lazar, and Spiros Christaras.
Jan commented: “We are thrilled to have partnered with two renowned industry playersto enable this strategically significant project. This collaboration marks another milestone in the advancement of the Greek market, as global participants join forces with robust local developers.
With extensive expertise in the European renewable energy sector, CBBD was well-equipped to offer practical guidance across all aspects of this venture. Our accomplishments highlight our ability to navigate complex transaction processes, harness our expertise in renewable energy, and effectively bridge cultural differences to drive successful outcomes.’’
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