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Acquisition of majority stake in Hymon Fotowoltaika

Category: Investment Deal of the Year, CEE

In Q1 2023 Kajima Europe, together with Griffin Capital Partners, acquired a 70% stake in HYMON, Poland's leading photovoltaic installation company. Kajima is a majority investor in the JV, and Griffin Capital Partners acts as co-owner and investment manager of the platform. Jacek Strzesak, the founder of HYMON, remains a 30% shareholder and supervisory board member.

Name of the deal	Acquisition of majority stake in Hymon Fotowoltaika
Information about the transaction	In Q1 2023 Kajima Europe, together with Griffin Capital Partners, acquired a 70% stake in HYMON, Poland's leading photovoltaic installation company. Kajima is a majority investor in the JV, and Griffin Capital Partners acts as co-owner and investment manager of the platform. Jacek Strzesak, the founder of HYMON, remains a 30% shareholder and supervisory board member.
The date of closing the deal	Q1 2023
Value of the transaction (in EUR)	0
Yield	0
Seller, plus brief information about the company	Hymon is one of the leaders in the Polish PV installations and heat pump sector, focusing on all market segments. Since its founding in 2011, it has carried out over 70,000 installations with approx. 472 MW photovoltaic capacity. The company is actively developing its product strategy and looking for a range of opportunities to strengthen its position in the rapidly growing Polish RES market, using mainly internal installation crews, providing higher quality and resulting in a lower complaints
Consultancy which advised Seller	PwC and law firms Gessel and HWW
Purchaser, plus brief information about the company	Griffin Capital Partners is the largest privately-owned investment and asset manager in private equity and real estate in CEE, and the most active and innovative investor in the region. Kajima Europe is a pan-European real asset investor, developer and manager with a portfolio of around £10 billion assets under management as well as a general contractor.
Consultancy which advised Purchaser	Rymarz Zdort Maruta and EY
Financing institution	Confidential
Current occupancy level	0
Please say why this deal should be considered for the award	Acquisition of Hymon is the second joint initiative by Kajima and Griffin in Poland's renewable energy market, having taken a majority stake in PAD RES, a leading developer in Poland's clean energy asset space, in 2021. The role of investors supporting Poland in the creation of green energy sources is crucial for the country's effective and efficient energy transition.

Name of the deal

Acquisition of majority stake in Hymon Fotowoltaika

Information about the transaction

The date of closing the deal

Q1 2023

Value of the transaction (in EUR)

Yield

Seller, plus brief information about the company

Hymon is one of the leaders in the Polish PV installations and heat pump sector, focusing on all market segments. Since its founding in 2011, it has carried out over 70,000 installations with approx. 472 MW photovoltaic capacity.
The company is actively developing its product strategy and looking for a range of opportunities to strengthen its position in the rapidly growing Polish RES market, using mainly internal installation crews, providing higher quality and resulting in a lower complaints

Consultancy which advised Seller

PwC and law firms Gessel and HWW

Purchaser, plus brief information about the company

Griffin Capital Partners is the largest privately-owned investment and asset manager in private equity and real estate in CEE, and the most active and innovative investor in the region. Kajima Europe is a pan-European real asset investor, developer and manager with a portfolio of around £10 billion assets under management as well as a general contractor.

Consultancy which advised Purchaser

Rymarz Zdort Maruta and EY

Financing institution

Confidential

Current occupancy level

Please say why this deal should be considered for the award

Acquisition of Hymon is the second joint initiative by Kajima and Griffin in Poland's renewable energy market, having taken a majority stake in PAD RES, a leading developer in Poland's clean energy asset space, in 2021.
The role of investors supporting Poland in the creation of green energy sources is crucial for the country's effective and efficient energy transition.

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