CVC DIF to acquire a 49% stake in BALANCE Erneuerbare Energien.

CVC DIF, the infrastructure strategy of global private markets manager CVC, agreed to acquire a 49% stake in BALANCE Erneuerbare Energien, the biogas subsidiary of Leipzig-based gas company VNG AG. Financial terms were not disclosed. “The dynamics in the biogas market make it clear: Biogas is a key component in the decarbonisation of the energy industry. On the back of strong regulatory tailwinds, we want to actively support this development and see the partnership with VNG as offering a highly professional setup and thus ideal conditions for BALANCE as a platform in Germany to participate in market growth. We are convinced that BALANCE is a high-quality investment that will provide our investors with stable returns and offer potential for long-term growth and sustainable value creation,” Gijs Voskuyl, CVC DIF Managing Partner.