Swiss private equity investment firm Partners Group is weighing up the options for its portfolio company VSB Group including a sale of the Germany based renewable energy company, according to a report by Reuters.
The report cites six sources familiar with the matter as confirming the deliberations with Partners Group having interviewed potential financial advisers in recent weeks over potentially starting a sales process in Q2 2024.
While a final decision on whether to proceed with a sale or not has yet to be made, two sources believe a deal for VSB could be worth up to $2bn including debt, while a third placed the value at between $1bn and $2bn.
The possible sale, which is likely to attract interest from infrastructure funds and utilities firms, coincides with a drop in renewable asset values, although interest in the sector remains due to a European Union requirement that 42.5% of the bloc’s energy is to be supplied from renewable sources by 2030.
