Insolvent PV equipment and wet processing specialist, RENA GmbH has been acquired by Swiss private equity firm, Capvis for an undisclosed sum.
RENA had recently said it had received new orders in the fourth quarter of 2014 totalling €30 million and that management had been working with major creditor groups on the restructuring strategy, which it said was progressing well.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
In a financial statement, RENA said that it had received enquiries from a number of companies interested in the business but the deal with Capvis provided the best opportunities for the company.
Capvis will acquire all of the operating assets of RENA, including its existing order book and transfer of employees.
Further details of the transaction were not disclosed.
