Infrastructure Investments Fund (IIF) Acquires GETEC from EQT Infrastructure and GEH
November 19, 2021
Infrastructure Investments Fund (IIF), an investment vehicle advised by J.P. Morgan Investment Management, agreed to acquire G+E GETEC Holding GmbH (GETEC) from EQT Infrastructure III fund and GETEC Energie Holding (GEH). GETEC, headquartered in Magdeburg, Germany, operates over 11,500 energy generation assets across nine European countries with more than 5.2 GWth capacity and ~2,200 employees; the deal is expected to close by end of Q1 2022 subject to regulatory approvals as IIF seeks to support GETEC's continued growth and decarbonization efforts.
- Buyers
- Infrastructure Investments Fund (IIF), J.P. Morgan Investment Management
- Targets
- G+E GETEC Holding GmbH (GETEC)
- Sellers
- EQT Infrastructure III fund, GETEC Energie Holding (GEH)
- Industry
- Energy
- Location
- Saxony-Anhalt, Germany
- Transaction Type
- Buyout
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