Ineratec GmbH’s EUR 20 Million Financing Round

FGvW and Gowling WLG France advised the French corporations ENGIE and SAFRAN on the deal. CMS advised Ineratec.

ENGIE and SAFRAN have each invested in Ineratec through their investment companies ENGIE New Ventures (ENV) and Safran Corporate Ventures. In addition to ENGIE and SAFRAN, five other investors, including the German MPC Group, participated in the financing. The growth capital will enable Ineratec to further expand the production of carbon-neutral synthetic fuels and plan a pioneering industrial plant in Frankfurt Hoechst, Germany.

Ineratec GmbH, founded in 2014 out of KIT and headquartered in Karlsruhe, Germany, is a leading manufacturer of modular chemical plants for the production of synthetic fuels, which are used in aviation, among other areas. In addition, the plants can be used to produce synthetic natural gas, chemical feedstocks and methanol.

ENGIE, headquartered in La Défense near Paris, is a listed energy group with over 150,000 employees and annual sales of around EUR 60 billion. ENV is a EUR 180 million investment fund of ENGIE that invests in start-ups relevant to the energy transition.

Safran, a listed technology group headquartered in Paris, is a leading supplier to the international aerospace industry and generates annual sales of around EUR 16.5 billion with approximately 80,000 employees.

Engie and Safran were advised by a cross-office M&A team from Friedrich Graf von Westphalen & Partner, led by Dr. Barbara Mayer (Picture), with support from Dr. Barbara Mayer, Partner (Lead, Corporate, M&A, Freiburg), Christian Burmeister, Senior Associate (Corporate, M&A, Berlin).

The CMS team included Dr Jörg Zätzsch, Lead Partner, Berlin; Dr Friedrich von Spee, Lead Counsel, Berlin; Dr Martin Eichholz, Senior Associate, Berlin; Dr Maximilian Koch, Associate, Berlin, all Venture Capital/M&A; Christian Schultz, Associate, Hamburg, TMC (Technology, Media & Communications); Dr Rolf Hempel, Partner, Stuttgart; Martin Cholewa, Counsel, Stuttgart, both Competition & EU.

The Gowling WLG France team included Barbara Jouffa, Mathias Briatta.

Involved fees earner: Martin Cholewa – CMS Hasche Sigle; Martin Eichholz – CMS Hasche Sigle; Rolf Hempel – CMS Hasche Sigle; Maximilian Koch – CMS Hasche Sigle; Christian Schultz – CMS Hasche Sigle; Friedrich von Spee – CMS Hasche Sigle; Jörg Zätzsch – CMS Hasche Sigle; Christian Burmeister – Friedrich Graf von Westphalen; Barbara Mayer – Friedrich Graf von Westphalen; Mathias Briatta – Gowling WLG; Barbara Jouffa – Gowling WLG;

Law Firms: CMS Hasche Sigle; Friedrich Graf von Westphalen; Gowling WLG;

Clients: Engie; INERATEC GmbH; Safran SA;

Giulia Di Palma

Author: Giulia Di Palma