The acceptance rate for KKR’s takeover offer for ENCAVIS is 87.41 percent

Frank­furt a. M. — KKR’s take­over offer for a total of 87,007,448 Enca­vis shares was accepted in due time on June 18, 2024. This corre­sponds to appro­xi­m­ately 87.41 percent of all outstan­ding Enca­vis Shares, inclu­ding the Enca­vis Shares which ABACON and other share­hol­ders have sold to the Bidder under binding agree­ments or which will be trans­fer­red to the Bidder by way of a roll-over.

KKR intends to complete the delis­ting of Enca­vis as soon as legally and prac­ti­cally possi­ble in order to bene­fit from the finan­cial flexi­bi­lity and long-term commit­ment of KKR and Viess­mann in private ownership.

On March 14, 2024, the bidder announ­ced a volun­t­ary public take­over offer for all outstan­ding Enca­vis shares. Viess­mann is inves­t­ing as a share­hol­der in the consor­tium led by KKR. The volun­t­ary public take­over offer is still subject to the condi­ti­ons set out in sections 12.1.1, 12.1.3 (ii), (iv), (v) and 12.1.4 of the Offer Docu­ment. The tran­sac­tion is expec­ted to be comple­ted in the fourth quar­ter of 2024. The offer docu­ment and further infor­ma­tion are available at www.elbe-offer.com.

In March 2024, the family-owned company Viess­mann, toge­ther with KKR, announ­ced a new stra­te­gic invest­ment in Enca­vis, one of the leading plat­forms for rene­wa­ble ener­gies based in Hamburg. As part of the tran­sac­tion, Viess­mann inves­ted as a share­hol­der in the KKR-led consortium.

About KKR

KKR is a leading global inves­tor provi­ding alter­na­tive asset manage­ment, capi­tal markets and insu­rance solu­ti­ons. The focus is on gene­ra­ting attrac­tive invest­ment returns through a long-term and disci­pli­ned invest­ment approach, employ­ing highly skil­led profes­sio­nals and support­ing growth at its invest­ment proper­ties and in the commu­ni­ties where KKR has a presence. KKR finan­ces funds that invest in private equity, credit products, real assets, and — through stra­te­gic part­ners — hedge funds. KKR’s insu­rance subsi­dia­ries offer pension, life and reinsu­rance products under the manage­ment of Global Atlan­tic Finan­cial Group. Refe­ren­ces to KKR’s invest­ments may also refer to the acti­vi­ties of funds mana­ged by KKR and its insu­rance subsidiaries.
KKR laun­ched its global infra­struc­ture busi­ness in 2008 and has since grown to become one of the largest infra­struc­ture inves­tors in the world with a team of more than 115 dedi­ca­ted invest­ment profes­sio­nals. The company curr­ently (as of Decem­ber 31, 2023) mana­ges infra­struc­ture assets of around USD 59 billion world­wide and has made over 80 infra­struc­ture invest­ments in a range of sub-sectors and regi­ons. KKR’s infra­struc­ture plat­form is speci­fi­cally desi­gned for long-term, capi­­tal-inten­­sive struc­tu­ral investments.

Further infor­ma­tion about KKR & Co. Inc. (NYSE: KKR), can be found on the KKR website at www.kkr.com. For more infor­ma­tion about Global Atlan­tic Finan­cial Group, please visit the Global Atlan­tic Finan­cial Group website at www.globalatlantic.com.

About Viess­mann
Foun­ded in 1917, the inde­pen­dent family-owned company Viess­mann is now a global, broadly diver­si­fied group. All acti­vi­ties are based on the corpo­rate mission state­ment “We create living spaces for future gene­ra­ti­ons” — this is the passion and respon­si­bi­lity that drives the members of the large global Viess­mann family every day. In line with this goal, Viess­mann offers compa­nies and co-crea­­tors an ecosys­tem that is commit­ted to avoi­ding, redu­cing and storing CO2 beyond the heating industry.

About Enca­vis

Enca­vis AG (Prime Stan­dard; ISIN: DE0006095003; ticker symbol: ECV) is a produ­cer of elec­tri­city from rene­wa­ble ener­gies listed on the MDAX of Deut­sche Börse AG. As one of the leading inde­pen­dent power produ­cers (IPP), Enca­vis acqui­res and opera­tes (onshore) wind and solar parks in twelve Euro­pean count­ries. The plants for sustainable energy gene­ra­tion gene­rate stable income through guaran­teed feed-in tariffs (FIT) or long-term power purchase agree­ments (PPAs). The Enca­vis Group’s total gene­ra­tion capa­city curr­ently amounts to more than 3.5 giga­watts (GW), of which around 2.2 GW is gene­ra­ted by Enca­vis AG, which corre­sponds to a saving of around 0.8 million tons of CO2 per year by Enca­vis AG alone. In addi­tion, the Group curr­ently has around 1.2 GW of gene­ra­tion capa­city under cons­truc­tion, inclu­ding around 830 MW in its own portfolio.

Within the Enca­vis Group, Enca­vis Asset Manage­ment AG specia­li­zes in the area of insti­tu­tio­nal inves­tors. Stern Energy S.p.A., which is also part of the Enca­vis Group and head­quar­te­red in Parma, Italy, is a specia­li­zed provi­der of tech­ni­cal services for the Europe-wide instal­la­tion, opera­tion, main­ten­ance, revam­ping and repowe­ring of photo­vol­taic systems.
Enca­vis is a signa­tory to the UN Global Compact and the UN PRI network. Enca­vis AG’s envi­ron­men­tal, social and gover­nance perfor­mance has been reco­gni­zed by two of the world’s leading ESG rese­arch and rating agen­cies. MSCI ESG Ratings rates Enca­vis’ sustaina­bi­lity perfor­mance with an “AA” level, while the inter­na­tio­nally renow­ned ISS ESG awards Enca­vis “Prime” status.
www.encavis.com