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KKR, a global investment firm, has signed agreements to form a strategic partnership with EGC, a Düsseldorf-based energy service provider. EGC, a family-owned business, manages approximately 2 million square meters of real estate and operates around 800 central heating units for over 100 clients.
The founding family will retain ownership stake while Michael Lowak, former CEO Germany of GETEC Group, joins as Chairman. The partnership aims to transform EGC into the leading decarbonization partner for the real estate industry, with KKR supporting both organic and inorganic growth initiatives.
KKR will implement its employee ownership model, previously successful across 60 portfolio companies. The investment is funded through KKR's Global Climate Strategy, leveraging their USD 77 billion infrastructure assets under management, including USD 21 billion in energy transition investments.
KKR, una società di investimento globale, ha firmato accordi per formare una partnership strategica con EGC, un fornitore di servizi energetici con sede a Düsseldorf. EGC, un'azienda a conduzione familiare, gestisce circa 2 milioni di metri quadrati di immobili e opera circa 800 impianti di riscaldamento centralizzato per oltre 100 clienti.
La famiglia fondatrice manterrà una partecipazione azionaria mentre Michael Lowak, ex CEO Germania del GETEC Group, entrerà come Presidente. La partnership mira a trasformare EGC nel partner leader per la decarbonizzazione nell'industria immobiliare, con KKR che supporta sia le iniziative di crescita organica che quelle inorganiche.
KKR implementerà il proprio modello di proprietà dei dipendenti, già di successo in 60 aziende del portafoglio. L'investimento è finanziato attraverso la Strategia Globale per il Clima di KKR, sfruttando i loro 77 miliardi di dollari di attivi infrastrutturali sotto gestione, inclusi 21 miliardi di dollari in investimenti per la transizione energetica.
KKR, una firma de inversión global, ha firmado acuerdos para formar una asociación estratégica con EGC, un proveedor de servicios energéticos con sede en Düsseldorf. EGC, una empresa familiar, gestiona aproximadamente 2 millones de metros cuadrados de bienes raíces y opera alrededor de 800 unidades de calefacción central para más de 100 clientes.
La familia fundadora mantendrá una participación accionarial mientras que Michael Lowak, ex CEO de GETEC Group en Alemania, se unirá como Presidente. La asociación tiene como objetivo transformar a EGC en el socio líder en descarbonización para la industria inmobiliaria, con KKR apoyando tanto las iniciativas de crecimiento orgánico como inorgánico.
KKR implementará su modelo de propiedad de empleados, que ha tenido éxito en 60 empresas de su cartera. La inversión se financia a través de la Estrategia Global de Clima de KKR, aprovechando sus 77 mil millones de dólares en activos de infraestructura bajo gestión, incluidos 21 mil millones de dólares en inversiones para la transición energética.
KKR는 글로벌 투자 회사로서 EGC와 전략적 파트너십을 형성하기 위한 계약을 체결했습니다. EGC는 뒤셀도르프에 본사를 둔 에너지 서비스 제공업체로, 약 200만 제곱미터의 부동산을 관리하며 100개 이상의 고객을 위해 약 800개의 중앙 난방 장치를 운영하고 있는 가족 소유 기업입니다.
창립 가족은 지분을 유지하며, GETEC Group의 독일 전 CEO인 Michael Lowak가 의장으로 합류합니다. 이 파트너십은 EGC를 부동산 산업을 위한 선도적인 탈탄소화 파트너로 변모시키는 것을 목표로 하며, KKR은 유기적 및 비유기적 성장 이니셔티브를 지원합니다.
KKR은 60개의 포트폴리오 회사에서 성공적으로 운영된 직원 소유 모델을 도입합니다. 이 투자는 KKR의 글로벌 기후 전략을 통해 자금이 조달되며, 770억 달러의 인프라 자산을 관리하고 있으며, 이 중 210억 달러는 에너지 전환 투자에 할당됩니다.
KKR, une société d'investissement mondiale, a signé des accords pour former un partenariat stratégique avec EGC, un fournisseur de services énergétiques basé à Düsseldorf. EGC, une entreprise familiale, gère environ 2 millions de mètres carrés de biens immobiliers et exploite environ 800 unités de chauffage central pour plus de 100 clients.
La famille fondatrice conservera une participation dans l'entreprise, tandis que Michael Lowak, ancien PDG de GETEC Group en Allemagne, rejoindra en tant que président. Ce partenariat vise à transformer EGC en partenaire leader de la décarbonisation pour l'industrie immobilière, avec KKR soutenant à la fois des initiatives de croissance organique et inorganique.
KKR mettra en œuvre son modèle de propriété des employés, déjà couronné de succès dans 60 entreprises de son portefeuille. L'investissement est financé par la stratégie climatique mondiale de KKR, tirant parti de ses 77 milliards de dollars d'actifs d'infrastructure sous gestion, dont 21 milliards de dollars pour des investissements dans la transition énergétique.
KKR, eine globale Investmentgesellschaft, hat Vereinbarungen zur Bildung einer strategischen Partnerschaft mit EGC, einem in Düsseldorf ansässigen Energiedienstleister, unterzeichnet. EGC, ein familiengeführtes Unternehmen, verwaltet etwa 2 Millionen Quadratmeter Immobilien und betreibt rund 800 zentrale Heizungsanlagen für über 100 Kunden.
Die Gründerfamilie wird einen Anteil an der Eigentümerschaft behalten, während Michael Lowak, ehemaliger CEO von GETEC Group in Deutschland, als Vorsitzender einsteigt. Ziel der Partnerschaft ist es, EGC zum führenden Dekarbonisierungspartner für die Immobilienbranche zu entwickeln, wobei KKR sowohl organisches als auch anorganisches Wachstum unterstützt.
KKR wird sein Modell der Mitarbeiterbeteiligung umsetzen, das bereits bei 60 Portfoliounternehmen erfolgreich war. Die Investition wird über KKR's globale Klimastrategie finanziert, die 77 Milliarden USD an verwalteten Infrastrukturvermögen nutzt, darunter 21 Milliarden USD für Investitionen in den Energiewandel.
- Strategic partnership with KKR provides significant capital for growth
- Employee ownership program implementation to enhance workforce engagement
- Retention of founding family ensures business continuity
- Addition of experienced industry executive Michael Lowak as Chairman
- Dilution of family ownership control through KKR partnership
With KKR as a strategic partner, EGC aims to become the leading decarbonization partner for the real estate industry and to accelerate its growth. To this end, the company plans to invest more in both organic and inorganic growth.
EGC is a second-generation, family-owned and independent energy services provider in
Buildings account for around a third of global CO2 emissions, mainly through space and water heating. The decarbonization of heating systems in buildings is crucial to achieving the EU's climate targets. EGC supports landlords in developing solutions to meet their decarbonization goals.
Following the successful completion of the transaction, KKR will support the company in introducing a broad-based employee ownership and engagement model. The program will ensure that all employees are involved in shaping EGC’s future and can participate in the company's future success. KKR developed this model in 2011 and has since successfully implemented it globally in 60 portfolio companies with more than 150,000 non-management employees.
Corinna Pitz and Dirk Pitz, members of EGC's management, said: “The collaboration with KKR opens up completely new possibilities for us to further expand our strong market position and to develop our group of companies. In KKR, we have found a partner that shares both our strategic goals and our entrepreneurial approach. KKR is not only an established infrastructure investor, but also has a long history of working with family-run companies. We are very much looking forward to this next phase of growth with KKR, which will open up many new opportunities for our group and employees.”
Michael Lowak, future Chairman of EGC, said: “EGC enables landlords to efficiently plan, implement and finance the decarbonization of their properties. The company is thus making a significant contribution to both the real estate industry and the energy transition in
Ryan Miller, Managing Director in KKR’s European Infrastructure team, commented: “To advance the energy transition in
KKR has extensive expertise in global infrastructure investments, particularly in the energy sector, and is committed to continuing to investing in the future of renewable energy. With approximately
KKR is funding the investment as part of its Global Climate Strategy, through which KKR is investing at scale in solutions that support the transition to a low-carbon economy.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About EGC
EGC is a second-generation, family-owned and independent energy services provider in
Learn more about us: www.egc-fm.de
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KKR
Thea Homscheid
Mobile: +49 (0) 172 13 99 761
E-Mail: kkr_germany@fgsglobal.com
Emily Lagemann
Mobile: +49 (0) 160 99 27 13 35
E-Mail: kkr_germany@fgsglobal.com
Source: KKR
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