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B Capital Partners AG has acquired a minority stake in the hydropower company Bekk og Strøm AS

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Thommessen has had the pleasure of assisting the Zürich-based infrastructure investment specialist, B Capital Partners AG, in its acquisition of a 36% stake in Bekk og Strøm AS.

Thommessen (team headed by Bendik Christoffersen in addition to Siren Ellensen, Morten Coward Lindstad and Marte Fossan Tingstad) has had the pleasure of assisting the Zürich-based infrastructure investment specialist, B Capital Partners AG (B Capital), in B Capital's acquisition of a 36% stake in Bekk og Strøm AS, including its subsidiaries (BoS Group) via its Luxembourg fund, B Capital Energy Transition Infrastructure Transition SICAV-SIF (BC-ETIF TOR Fund) and its wholly-owned Norwegian subsidiary, B Capital TOR Norway AS (as Purchaser under the SPA). The BC-ETIF TOR Fund exclusively invests in sustainable infrastructure within the energy sector.

enso Hydro GmbH (enso) will remain the majority shareholder of the BoS Group and is an investment company owned by Austrian investors and the German hydropower-investment fund DWS Access Wasserkraft Beta KG. enso is the majority shareholder of in total 26 hydropower plants in Norway, Austria, Albania, and Turkey, and is a recognized and experienced Austrian-based hydropower developer managing the hydropower investments.

The BoS Group owns and operates 22 small scale hydropower plants in Norway with a total production of 155 GWh as well as a development portfolio.

B Capital and enso are excited about the transaction and are looking very much forward to co-operating as partners on achieving their joint aim to further strengthen BoS’ market position in Norway and to grow and develop its hydropower portfolio to 500 GWh. The focus remains on the strategic development of the BoS Group, as already evidenced by a larger transaction with an investment group of several Finnish utilities.

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