Clearwater International advises the City of Wiesbaden on €100m debt financing

Clearwater International acted as sole financial adviser to the City of Wiesbaden on structuring a senior debt facility of €100m, through its holding company WVV Wiesbaden Holding GmbH, for the acquisition of shares in Thüga AG.

The KOM9, a consortium of 47 local energy suppliers, under the leadership of the Freiburg badenova AG & Co. KG and the City of Wiesbaden, together with the Integra consortium, consisting of Stadtwerke Hannover, Mainover AG and N-Ergie AG, have acquired 100% of the shares in Thüga AG from E.ON Ruhrgas AG.

With more than 100 portfolio companies, Thüga is Germany’s largest network of municipal energy utilities. Thüga Group, including all participations, represents approx. 20% of the German gas market and about 6% of the German electricity market. With around 19,200 employees, Thüga Group generated sales of approx. €16.4bn in 2008.

  • Image of City of Wiesbaden Company Logo
    structured a revolving credit facility
    Image of Thüga AG Company Logo
    Acquisition finance
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    Clearwater Advisers

    Adviser to City of Wiesbaden on structuring and placing a senior credit facility for the acquisition of Thüga AG

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