Clearwater International advises the City of Wiesbaden on €20m debt financing
Clearwater International acted as sole financial adviser to the City of Wiesbaden on structuring a medium term facility of €20m, through its holding company WVV Wiesbaden Holding GmbH, for the acquisition of shares in Thüga 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.