Capcora Supports Insolvency Administrator of eno energy on M&A Transaction of its French subsidiary

Capcora successfully supported the insolvency administrator, Dr. Christoph Morgen of Brinkmann & Partner, on the execution of an M&A transaction arising from the recent insolvency of the Germany-based onshore wind developer and manufacturer eno energy. The transaction within a share purchase agreement concerned the sale of its French subsidiary, Energie Eolienne France SAS (eno France), which was acquired by the European independent power producer (IPP) Qair. Capcora acted as the exclusive adviser to the administrator. 

The Rostock-based developer and wind turbine manufacturer eno energy GmbH filed for insolvency and at the beginning of December the proceeding was opened by the court. As a result, the company has ceased turbine production at its Rostock facility, impacting around 170 employees. To ensure the continuation of project development, service and O&M business, and to explore future prospects, an M&A process has been initiated. The strategic relevance of this transaction lies in stabilising eno energy’s operating environment and safeguarding as many jobs as possible during this period of transition. The insolvency and production halt reflect broader challenges in the German wind industry, including increased competition and market pressures. 

“We are pleased to support the insolvency administrator of eno energy in navigating this insolvency-linked M&A transaction,” said Jochen Magerfleisch, Managing Partner at Capcora. “Our mandate and collaboration with Brinkmann & Partner, Gleiss Lutz and the broader eno energy organisation enabled a coordinated and efficient approach. We are delighted to have found, with Qair, an investor which was able to mobilise swiftly and decisively to conclude the transaction, and which is ideally placed to integrate the EEF platform and ensure the further development and build out of the EEF pipeline assets.” 

The transactions were executed by Capcora, Gleiss Lutz, and Brinkmann & Partner representatives Dr. Christoph Morgen, André Erckens, and Maria Sophie Richter. The cross-functional involvement ensured a structured and resilient process across all transaction workstreams. 

About eno energy GmbH 

eno energy GmbH is a German manufacturer and developer of onshore wind energy systems, headquartered in Rostock and Rerik. Since its founding in 1999, the company has built a reputation for high-quality wind turbines and comprehensive turnkey solutions for wind-power projects. With approximately 300 employees across its locations in Germany and decades of experience in wind energy, eno energy positions itself as a reliable partner for clients seeking customised, high-performance, and sustainable wind-energy solutions.  

www.eno-energy.com

About Brinkmann & Partner 

Brinkmann & Partner is a German law firm focused on restructuring and insolvency administration. The firm develops practical, goal-oriented, restructuring concepts and supports their implementation across a broad range of corporate situations. Its approach combines legal expertise with operational insight. 

Brinkmann & Partner operates nationwide with 30 offices and approximately 270 employees. The Brinkmann Group includes B&P mbB, B&P Insolvenzverwaltung und Restrukturierung GmbH, and B&P Management GmbH. Its work is carried out by interdisciplinary teams comprising lawyers, tax advisers, and commercial specialists. The firm maintains a collaborative and transparent working model, supported by clear remuneration structures. 

www.brinkmann-partner.de

About Capcora

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.

www.capcora.com

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