DIF Capital Partners to become majority shareholder in global solar PV platform ib vogt

Ib vogt GmbH has signed an agreement with DIF Capital Partners (DIF) for the sale of a 51% stake in ib vogt from its current 100% shareholder DVV. Headquartered in Berlin, ib vogt has established 27 offices across Europe, North America, Asia-Pacific, and Africa as part of its presence in over 40 countries. The group works together with numerous partners globally, augmenting its in-house team of over 540 experts who are active in all areas of the solar value chain.

DIF and DVV have entered into this strategic partnership with the aim of accelerating ib vogt’s growth program and asset build-out as well as to fast track the transition of the company towards an independent power producer (IPP) model that develops, owns, and operates solar and battery storage projects. As part of the agreement, DIF will acquire a 51% stake in ib vogt (excluding certain projects for regulatory reasons) and the shareholders will undertake a capital injection at closing. 

DVV was advised by Marathon Capital, Ikarus Capital, Hogan Lovells International LLP and AU VON POCHHAMMER Rechtsanwälte. DIF was advised by Evercore, Schenck Energy and Ashurst. The transaction is expected to finalize during the fourth quarter of 2021.