DLA Piper advises Heliad Equity Partners on its participation in EUR100m financing round of Enpal

DLA Piper has advised Heliad Equity Partners GmbH & Co. KGaA on its participation in a EUR100m financing round of Enpal. Heliad Equity Partners is investing a single-digit million amount as part of the financing round. Other investors in the round include among others HV Capital, Peter Rive, co-founder of SolarCity, HelloFresh co-founder Thomas Griesel and ex-Auto1 COO Christopher Muhr.

Founded in 2017, Enpal is the market leader in photovoltaics leasing with more than 8.000 customers and managed to triple their results in 2020 with more than 4.500 installed systems – more than any other player in the German PV market.

The Enpal Group is now the largest provider of solar solutions for homeowners in Germany. Enpal’s goal is to supply one million households with their own solar system by the end of the decade. Enpal currently employs around 700 people.

Heliad Equity Partners is a listed investment company with a mission to empower both entrepreneurs and investors. The company invests in market leading companies across various verticals and regions to power their next phase of growth.

The DLA Piper team led by partner Simon Vogel (Corporate/Venture Capital, Munich) also included senior associate Friederike Rickers (Corporate/M&A, Hamburg).