Situational Analysis

HEAG Holding AG – Beteiligungsmanagement der Wissenschaftsstadt Darmstadt (HEAG), the investment holding of the city of Darmstadt, acquired a 40% equity interest in the domestic utility HEAG Südhessische Energie AG (HSE) from E.ON Ruhrgas AG.

HSE is one of the largest utilities and infrastructure service companies in Germany and primarily active in the federal states of Hesse and Rhineland-Palatinate. Prior to the transaction, HEAG already held 53% of the shares in HSE and consequently increased its stake in the company to 93%.

Fieldstone Role

Fieldstone acted as advisor to HEAG for the whole transaction, comprising the structuring and execution of the acquisition.