By Andrei Skvarsky.
London-headquartered investment firm Permira is buying a majority stake in Frankfurt-based energy advisory Westbridge from German private company Genui under a recent agreement.
The deal is expected to be closed by the end of March 2025, Permira and Westbridge said in a joint statement.
Westbridge is co-owned by its founders and Genui, which is an investment firm based in Hamburg. Westbridge’s founders are going to enlarge their capital in the advisory after Genui’s exit, according to the statement.
Westbridge provides energy- and sustainability-related advice for more than 600 institutional real estate clients. Besides its headquarters in Frankfurt, the company has offices in London, Hamburg, Zurich and Warsaw.